Consistency of performance can be the most powerful differentiator of all…!
A quote most often used in a sporting context but one that can be just as relevant in the world of real estate. With so much uncertainty and volatility in recent times, investors are constantly looking for sectors that are delivering consistent performance.
It has felt like the market has been in hibernation over the winter for longer than is usual and it has taken till the arrival of Spring and some welcome sunshine, to see some signs of renewed activity.
A combination of our national and international politicians (don’t you just love them) doing little to instil any real economic confidence/stability, on top of precious little stock openly on the market and cautious investor appetite has all led to a fairly muted start to the year.
It feels like most investment agents will be singing a little louder than this time last year but not yet belting it out from the roof tops! The market is better for sure, volumes are up, interest rates are lower, confidence is building but caution remains.
Despite the October budget doing little for wider business confidence, investor appetite for real estate remains reasonably robust. That said, it is a polarised picture with prime assets seeing a deepening buyer pool and if something looks like “real value” then there is a good level of interest. In between remains fickle.
