In the construction market of residential property of England breaks every 4th sale

On the market of residential property in England breaks down, every fourth investment selling. According to a study conducted by Quick Move Now, over the past three months 28% of transactions in investments of the apartment or house in England did not take place for various reasons. Of the total number of failures from the purchase of 26% of investors simply do not believe that construction will be completed on time, 21% of transactions did not take place due to rejection of credit and 21 % for the buyer’s intentions to revise the price, 16% buyers abandoned their intentions, simply changing your Outlook on purchasing, 11% of buyers reveal any problems at the facility in the buying process.

The results of the analysis of the market for the year shows the UPS and downs of the market of under construction real estate of England. According to the annual figures it is possible to notice that 63% of potential buyers refused to deal for reasons such as doubt and uncertainty, 26% have not finished the transaction because they couldn’t sell their property, 21% come to discuss the original proposal, while 16% have completely changed their opinion on the subject of the sale.

The presented data show the lack of confidence among buyers. Starting in 2016, the market for residential real estate in the UK fell into a period of turbulence. This change in taxation and a British exit from the European Union and the political uncertainty inside the country. According to forecasts, the mood of uncertainty will leave the market in 2018.

® Alice Morgan. 09.10.2017 G.

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