The property market in England stable, despite political chaos

The prices of houses and apartments in the UK increased by 2.1% annually to £234625 in November 2019, according to the Halifax index. This means that in November, the increase was 1% from the previous month. Despite the fact that the degree of uncertainty is still evident, it is also clear that buyers and sellers react to such factors as improved conditions in mortgages and a limited supply. In the next few months market stability will be based on the same factors. The majority of real estate professionals suggest that people are tired of political issues and have ceased to pay attention to them and just started to solve their housing problems. If the General election is won by the conservatives (and all indicators point to it), you can say goodbye to inertia on the housing market of the UK, which for so long ruled. Attractive mortgage rates was the saving grace for the housing market in London in the last year and especially evident was seen in November 2019. Many people were attracted by the ridiculous rate mortgage with 5-year fixation, which serves as a kind of protection against Brexit – uncertainty. As a result, in the political life of the country, chaos reigns and the real estate market peace, order and gradual progress. ® Angliadom. Helen Entree. 10.12.2019 G.