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Following recent trading updates from housebuilders, Alex Rose, Managing Director of Data Analytics at Hometrack, comments on the market.
“The operating environment for house builders is strong with improved land availability and greater availability of mortgages supporting growth in output in a market where builders are delivering homes into a supply constrained market. Government schemes to support demand are a key feature of the market and Starter Homes will open up demand and support further growth in new housing supply in the years ahead. “
Latest House Price Index reveals that the recent Budget stimulated an +80% spike in buyer demand for property compared to the four year average.
Paragon has worked with Hometrack since 2014 and the expanded agreement means Hometrack will provide Paragon with its Automated Valuation Model and Rental Value Model services for portfolio valuation.
Acquisition will help Hometrack reach its vision faster and in a more comprehensive way. Hometrack will also welcome a team of experts from EDM to Hometrack who will play an important role as Hometrack's business continues to grow in the months and years to come.
Hometrack, the leading provider of insight and intelligence to the mortgage market, has announced an industry-first partnership with Ambiental and Terrafirma, two leading UK climatology specialists, to deliver a leading climate change risk solution for mortgage lenders.