There has been a rise in the number of affordable properties coming onto the market in the UK and the growing power of the digital property market is giving rise to a new breed of property investors, it is claimed.
The idea of a stereotypical property investor is no longer accurate, with innovations in technology opening up the market to an entirely new audience, according to Richard Reed, head of property at auction firm John Pye Property.
OnTheMarket (LON:OTMP) is the third biggest UK residential property portal provider in terms of traffic and has, with backing from thousands of estate and letting agents, developed unique sources of competitive advantage such as the ‘New and exclusive’ property listings.