Arial

Thank you to Bridging & Commercial and the Medianett Publishing Ltd team for this recent feature.

As a part of our ongoing commitment to sharing knowledge and presenting data in an accessible way, we are pleased to introduce our first public data summary for #Q2 2024. Here are five key areas that we find particularly noteworthy due to their direct impact on the sectors in which Arial is active: 1️⃣ House Price Growth The average house price in England increased by 2.1% during Q2 2024, reaching £278,000. This growth was driven primarily by the suburban and rural housing markets, which saw a notable increase of 3.4%, while urban areas like London experienced a more modest rise of 0.8%. 2️⃣ Property Auction Activity: Despite a 7% decrease in the volume of property auctions compared to Q1 2024, the average sale price at auctions rose by 1.5%. This indicates a strong demand and competitive bidding environment, particularly for distressed and strategically located assets. 3️⃣ Construction Costs: The construction sector faced a 5.2% increase in costs during Q2 2024, driven by inflation and supply chain disruptions. This rise in costs has put additional pressure on new housing supply and property prices, impacting affordability and market dynamics. 4️⃣ Mortgage Interest Rates: The average interest rate for a two-year fixed mortgage rose from 3.9% in Q1 to 4.2% by the end of Q2 2024. This 0.3% increase in mortgage rates has led to an approximately 8% rise in monthly mortgage payments for an average property, affecting homebuyer affordability and borrowing capacity. 5️⃣ Transaction Volume: The total volume of property transactions fell by 5% in Q2 2024 compared to the previous quarter. Despite this decline, strategic investments and market adaptability have continued to drive activity in certain segments of the market, particularly in suburban and rural areas. 📲 0203 7462 762 🌐 www.arial.co.uk 📧 contact@arial.co.uk Arial. Short term property finance and bridging loans.

Arial - providing flexible access to capital for refurbishment, conversions and more. Facilities available from £100,000 to £100,000,000 for up to 24 months. 👋 We're always available to discuss your capital requirements and help to devise a solution to support your property ventures. Please don't hesitate to get in touch: Call us on 0203 7462 762 or email contact@arial.co.uk for all enquiries. #Arial #ShortTermFinance #Bridging #PropertyFinance #Residential #Commercial #Auction #SpecialistLending #LombardLoans #OverdraftFacility #BespokeFinance 📲 0203 7462 762 🌐 www.arial.co.uk 📧 contact@arial.co.uk Arial. Short term property finance and bridging loans.

Arial - supporting opportunity with first and second charge loans. Loans available from £100,000 up to £5,000,000 from 1 to 24 months. 👋 We're always available to discuss your capital requirements and help to devise a solution to support your property ventures. Please don't hesitate to get in touch: Call us on 0203 7462 762 or email contact@arial.co.uk for all enquiries. #Arial #ShortTermFinance #Bridging #PropertyFinance #Residential #Commercial #Auction #SpecialistLending 📲 0203 7462 762 🌐 www.arial.co.uk 📧  contact@arial.co.uk Arial. Short term property finance and bridging loans.