Residential Transactional and Living Markets
Residential Investment
Regions
As we moved into autumn, there was a palpable sense of renewed energy in the residential investment market across the northern regions. The slower summer period, characterised by professionals and investors taking well-deserved holidays, is firmly behind us. This marks a notable shift from the cautiously optimistic sentiment we reported in our May update.
Student Housing
Overview
In the last quarter, approximately £840M in transactions were completed in the student accommodation sector, bringing year to date investment volumes to £3.3Bn. This marks a £1.3Bn increase compared to the same period last year. Notably, around 30% of this volume is attributed to Mapletree’s acquisition of Cuscaden Peak Portfolio. Although investment volumes have risen, compliance and due diligence remain the largest barriers to completing transactions.
Residential Development
Q3 2024 has seen continued positivity in sentiment in the Development market. As predicted, the market saw a positive uptake in September following the hiatus in the summer months, with a number of new development opportunities brought to market. There as been a greater strength of deals in the sub £10M market, with particular focus on value add opportunities.