UK real estate: trends 2014

In 2013, the U.K. housing market for the first time after 5 years of stagnation saw improvements. First of all, the number of buyers in the market, inspired by low interest rates on mortgage loans.

Beginning in 2014, will also be marked by the growth of prices on the basis of strong demand from buyers, who were inspired by the positive expectations of the market.

However, the prospects of the UK property market associated with the growth of incomes and availability of mortgage lending, which, in turn, depends on interest rates the Bank of England.

2014 will also be marked with the influence of the market assistance program of the government “Help to buy”, and advanced features of the loan. In the absence of sufficient affordable quality housing, there will be an increase in demand for rental residential real estate.

In the next five years, according to forecasts, the number of tenants in the private rental sector will grow by 1 million, which, of course, creates a great opportunity for institutional investors.

Prime Central London is experiencing its best times since 2005. The demand for luxury properties in London is fed by means of the financial sector in the UK and strong demand from buyers from abroad.

If in 2013 we saw growth in the rental market and the sale of real estate in London and the incredible interest of investors around the world to the London property, the main leitmotif of the UK property market will be the recovery of regional markets all types of real estate.

Positive investor sentiment supported by a General improvement in the UK economy and reducing unemployment. However, the mood of investors spoils the extremely low number of available sites for investment in London coming onto the market. In this regard, it is expected that switching of the interests of the investors from London to other regional markets in the area less competitive environment and not such high prices. And a growing gap in prices will occur between the primary and secondary property in the UK.

® Alice Morgan 29.01.2014 g.

Land and types of ownership of property UK

The process of buying real estate