House prices up 3%+. The Queen -£500m. Commercial -6.6%.
Growth was greatest for terraced and semi-detached properties (unsurprisingly).
We are seeing a marked difference between more bullish homeowners/investors and cautious institutions, which is affecting the data.
Meanwhile, the Crown Estate suffered a £500m down valuation and MSCI Inc. released data showing a -6.6% change in value across the real estate sector (6 months).
These data points are not directly comparable, and they mask a lot of subtly, but I think they are worth sharing.
The difference between residential and commercial; prime and non-prime #realestate is showing.
Our focus in on non-prime residential. What will you invest in?