- Introducing Marshall King
- Fintech and Proptech | The Future of Property Investment
- How has Property Crowdfunding Changed Over the Last 5 Years?
- Property Crowdfunding and the Recent Changes in Tax on Buy-to-Let
- What does Property Partner have Planned for 2019?
- What Will Buying a Property Look Like in 10 Years Time?
Rob: For today’s question, we are going to be looking at what the future holds for property partner. What does 2009 look like, Marshall, and what is your long-term vision, as a company?
Marshall: We are building out the range of properties that we offer to our investors. We are very conscious that different investors have different appetites for income, for growth and for risk.
We want to build our offers for those different appetites. So, we started the business with residential property. We moved on from there to student accommodation and that’s been very popular. We have brought a number of commercial property opportunities to our investors that have very strong yield characteristics, perhaps less clear on the capital growth but that is the appetite that some people have.
We have, also, now, introduced our first loan-based product. So, property-backed lending is a major area where investors have interest and we see that as part of a general, wealth creation and development strategy.
So, we see in 2019, that we will be bringing more lending-backed opportunities to our marketplace, giving investors a very wide range of things to access and also making Property Partner more interesting, more diverse and more robust, in terms of the different cycles of the residential, commercial and student marketplace.
Rob: Any property cycle is always going to vary, within the specific niches but do you see 2019 as, possibly, attracting more interest in, maybe, commercial, debt, residential, buy-to-let or is it hard to say? Are you seeing any trends, happening or coming up?
Marshall: It is very hard to say, right now because we are in the midst of a high degree of uncertainty, with the political situation and with Brexit, particularly right now, as we speak. We are just in the finalisation of the of the Brexit deal if there is to be one.
What I would say is that, in times of high uncertainty, often, there are fantastic deals to be done and in the marketplace, today, we are seeing some very keen sellers and consequently, some tremendous buying opportunities.
So, we expect to be opportunistic, for the next short period and then into 2019, as the uncertainty resolves itself, we expect the property market, both in residential and commercial to get back on track, firm up and for transaction rates to gradually return towards the normal levels, that we have seen, over previous years.
Where the capital growth and income growth will be, we will have to monitor rental levels and capital values, as we normally do, through our research department and be alive to opportunities, as they come along.
Rob: And is the vision to be part of each of those different cycles, each of those different niches, within property, come the standard version, of how to buy and trade properties? That is what investors are, maybe, gearing up to, for the future of property.
Marshall: Yes. So our vision is to, really, offer tremendous investment opportunities from both our own property team and other, very carefully, selected property teams that are real experts in what they do.
We have the in-house skills to understand those opportunities and present them to investors in a clear, simple way and basically, give investors access to the sorts of opportunities that they would really have trouble accessing as individuals or even as members of investment clubs.
The property market is so large and diverse and exciting and there are so many great opportunities out there but you need to really have experts working for you, to bring forward strong deals that have good investment characteristics.
Rob: Fantastic. Thank you.