1. Property Predictions 2015 From Richard Brown PoliticsInvestor mixHouse pricesRentsDisruption www.thepropertyvoice.net

2. Property Predictions 2015 From Richard Brown Headline: Uncertainty & confusion Result : Lots of talk, spin & mixed messages but not much direct intervention in 2015…maybe later though… Politics Headline; A changing investor landscape Result : Changing make up of property investor mix with a growing PRS but more domestically driven than in recent past Investor mix Headline: More patchy regional growth Result: More varied house price growth across the country than last year House prices Headline: Lots of pressure on rents Result: A tough year for rental returns through real (economic) & perceived (spin, media, campaigning) issues Rents Headline: New technologies & business models disrupt the status quo Result: A changing & uncertain landscape, especially for traditional providers servicing the property market Disruption www.thepropertyvoice.net

3. Property Predictions 2015 From Richard Brown Headline: Uncertainty & confusion General election in May Politicisng of PRS and more divergence than before PRS & housing a much bigger election topic An array of opposing possible policies & influences discussed: Rent controls | Licensing & regulation | Social & affordable housing Private investment stimulus | Benefit bill | Garden cities Green / brown-belt planning | Shared living / downsizing, etc. Result : Lots of talk, spin & mixed messages but not much direct intervention in 2015…maybe later though… Politics www.thepropertyvoice.net

4. Property Predictions 2015 From Richard Brown Headline: A changing investor landscape Less foreign investment due to CGT changes in April & stronger pound More ‘grey’ investors following pension changes More new entrants due to recent house price growth More existing landlords adding to portfolios as property cycle is on the up-curve Result : Changing make up of property investor mix with a growing PRS but more domestically driven than in recent past Investor mix www.thepropertyvoice.net

5. Property Predictions 2015 From Richard Brown Headline: More patchy regional growth Central London stagnates Outer London and commuter towns lead the way Investors may look increasingly wider for investment opportunities Cash buyers, low LTV borrowers, Help to Buy FTBs and investors will drive demand MMR bites into homeowner market for second-steppers etc. One to watch is institutional investors coming into rental market Result: Much more varied house price growth across the country House prices www.thepropertyvoice.net

6. Property Predictions 2015 From Richard Brown Headline: Lots of pressure on rents Universal credit & the welfare policy leading to more arrears and eviction in LHA sector The ‘cost of living’ agenda from campaign groups Affordability issues in particular central London Media spin and misrepresentation of market data Supply restriction issues in cities driving rents in concentrated areas Slow wage growth limiting people’s ability to absorb increases Result: A tough year for rental returns through real (economic) & perceived (spin, media, campaigning) issues Rents www.thepropertyvoice.net

7. Property Predictions 2015 From Richard Brown Headline: New technologies & business models disrupt the status quo ‘Sharing economy’ will extend it’s reach into housing & rental market Airbnb & others drive short-term rental in city locations…may lead to lower supply for long-term rents New portals like OnTheMarket & easyProperty will create more competition but also more confusion P2P lending to take a bite out of mainstream lending, including BTL funding alternatives More new technologies…as yet unknown Fees could get squeezed and new business models could emerge (opportunity & threat) Result: A changing & uncertain landscape especially for traditional providers servicing the property market Disruption www.thepropertyvoice.net

8. Property Predictions 2015 From Richard Brown Headline: Uncertainty & confusion Result : Lots of talk, spin & mixed messages but not much direct intervention in 2015…maybe later though… Politics Headline; A changing investor landscape Result : Changing make up of property investor mix with a growing PRS but more domestically driven than in recent past Investor mix Headline: More patchy regional growth Result: More varied house price growth across the country than last year House prices Headline: Lots of pressure on rents Result: A tough year for rental returns through real (economic) & perceived (spin, media, campaigning) issues Rents Headline: New technologies & business models disrupt the status quo Result: A changing & uncertain landscape, especially for traditional providers servicing the property market Disruption www.thepropertyvoice.net