Phil, whose market updates reach thousands of consumers and are regularly reported by mainstream consumer press, introduces Propertymark as the industry body that provides first-hand insights for himself and consumers.
“As to what is actually happening out there right now Propertymark is the place we should always go to. They don’t have supposition, don’t have journalistic interpretation, they are not flogging headlines or anything, this is actually what is happening out there right now.”
Propertymark member insight
During the 20-minute update, Nathan points to the data submitted by members during Propertymark’s regular data gathering showing that more annualised changes are returning to markets with the gradual increase of more stock into the market. He highlights that people who wanted to make big geographic moves due to COVID and remote working have largely completed that and we’re now seeing a return to people moving for more normal reasons: more space, job changes, school needs etc.
As a landlord himself, Phil wants to know how landlord investment in buy-to-let is changing and what this means for tenants against the backdrop of electoral cycles and cross-party ambitions for flexible housing solutions.
In the midst of some frenzied headlines and with further interest rate rises likely, the two discuss whether mortgage stress testing will have helped to prepare homeowners to weather the storm. The discussion covers the current and coming economic challenges along with equity, fixed-rate cycles and changes in loan to value.
Phil Spencer asks Nathan the question that he most dislikes being asked himself: what markets are hot to buy in, right now? Phil travels the country, working with buyers, including as part of his TV shows Location, Location, Location and Love it or List It is interested in the view from the body membership, as collectively our members offer experience right across the country and across all price brackets.
Nathan Emerson says “The market has been a juggernaut. With that momentum regardless of short-term changes, it tends to plough through, we aren’t dealing with the stock exchange where fluctuations can be measured in hours and days. Transaction decisions can be three, four, or five months before people move in and the momentum and market and living conditions change around them. It is still busy out there and people are keen to continue that journey. Mass panic buying has levelled out and markets are more competitive now.”
Assets for agents
The partnership between Propertymark and Move iQ has been driven by members wanting greater consumer awareness of Propertymark and a widespread understanding of what the Propertymark logo stands for. Make sure that you don’t miss out on the benefits of Phil Spencer’s endorsement by downloading and using the Move iQ toolkit in your branches and offices and sharing the latest film on your social channels.
