Sourced Reports 22% Surge in Investment Properties Amid Market Resilience

Recent data from the Sourced property app, which boasts over 20,000 users, indicates a significant 22% rise in available investment properties over the past six weeks. Stephen Moss, CEO and founder of Sourced, commented on this trend, stating, “Despite global events such as the war in Iran causing financial turmoil, and interest rates being held, we are seeing more investment properties being made available than ever.”

Stephen elaborated that the data collected from the Sourced property app shows that the number of properties added by sourcers in the last six weeks surpasses that of the previous six months. He noted that Sourced focuses on non-mainstream investment property sales, suggesting that the increase could be attributed to a greater number of properties meeting investor criteria, with sellers becoming more open to accepting offers.

High buyer interest, coupled with unchanged interest rates, has led sellers to show a willingness to lower their asking prices or be more flexible with offers. Stephen pointed out, “In the past when we have experienced something dramatic like a war breaking out, there has been a tendency for buyers and sellers to baton down the hatches and wait the situation out. However, in recent weeks it seems that people who had already been waiting a very long time for the market to improve and interest rates to drop have decided to take action and this has ignited something of a fire in the property investment market.”

He further highlighted the shift in negotiation dynamics, stating, “Just 18 months ago, we would have been fortunate to have had an offer accepted on a property for less than 5% of the asking price, but now offers at 15% below are typically being accepted.” Notably, some investors have had offers accepted for properties in the Midlands at 34% below the asking price, which Sourced is currently funding. In London, a buyer secured a property with an offer 18% below the asking price, leading to a successful chain completion after the seller also reduced their asking price by 10% on their next purchase.

Launched in 2021, the Sourced Property app features profitable property investment deals uploaded daily by a network of over 150 professional sourcers. Recent activity on the app confirms that despite ongoing challenges such as the war in Iran and uncertainty surrounding mortgage deals and interest rates, Sourced is witnessing a property investment boom not seen in recent times.

Stephen concluded with a call to action for potential investors, stating, “I would advise anyone interested in profitable investment opportunities to contact Sourced or download the free Sourced Property app to check out the many properties that are listed each day. Many of these are BMV (Below Market Value) and could be a valuable addition to an investor’s portfolio.”