Shojin predicts price growth and shift to green properties for 2022
Property prices will continue to grow in 2022 and property developments will have an increased focus on net zero, Shojin Property Partners has predicted.
The property investment platform has released bullish forecasts for the year ahead.
It predicts that the South and North West of England will be the areas to watch for house prices this year.
Additionally, rather than going for the tallest buildings, Shojin predicts that “the greener the better” will be a key mantra for developers in 2022.
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“Put in simple terms, this means new-build property needs to be built and subsequently operating to the lowest environmental footprint possible,” Shojin Property Partners said in a blog post on its website.
“Importantly, it is increasingly market forces that are pushing developers to look for creative ways to ‘green’ what is traditionally a pretty environmentally friendly industry.”
The platform added that London remains the world’s most desirable location for real estate investment despite claims during the pandemic that homeowners and businesses were fleeing the city.
It highlighted a survey of 844 property investors, mortgage lenders, developers, fund managers and advisers by the Urban Land Institute that found London came out on top as the best location for real estate investment in Europe.
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“This would have been difficult to predict last year, when Covid seemed to be encouraging more and more people to relocate out of London and into the countryside where more space was available to buyers for the same amount of money,” the blog said.
“By now it is clear that the ‘flight from the city’ narrative has receded into the background, and real estate in dynamic urban centres such as London is reclaiming its place at the heart of any well-diversified portfolio.”
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