The prospects of the housing market in the UK

The real estate market in the UK is going through an interesting period.

Prices for residential property in England grow almost all regions as property prices in London began to slow its growth. Especially the cooling of the market is evident in luxury properties in London. In some elite areas of London asking price for apartments fell to 7 %.

And since the real estate market of London is a kind of indicator of the whole of the UK property market, this effect may spread on the other regions of England and Wales. All of these phenomena does not reduce the bright prospects of the mortgage market.

Brokers mortgage lending on the housing market in the UK optimistic about the future, expecting an increase in mortgage lending over the next 5 years.

After a slight recession that took place beginning in April 2014, when it was introduced, new rules on mortgage lending in the third quarter of 2014 the volume of mortgage lending increased by 5 %, and in Q4 it is expected that volumes will grow by 6% relative to the 3rd quarter.

Levels mortgage “Buy to let” – buy to rent will not increase as rapidly. According to forecasts, the increase will be 3% per year.

The main incentive for investors wishing to capitalize on renting their property, is an increase in demand for rented accommodation from tenants. The mood of investors is influenced by the talk of imminent interest rate increase by the Bank of England, which can reduce the level of income investors. Meanwhile, the improved economic situation than the data coming from the employment market, saying that demand for rental residential properties will increase, which will undoubtedly have an impact on the rent rates, the growth of which should offset the increase in Bank interest rates.

Important is the fact that in connection with rising housing prices, for many people to buy a residential property in the UK will become too expensive, and they will be forced to join the ranks of tenants.

All the leading indicators of the UK property market indicate that the end of 2014 and beginning of 2015 will be a period of a slight slowdown and stabilization of growth of prices in connection with some uncertainty arising in the market before the election in 2015. Then, analysts are predicting strong growth in housing prices for several years.

® Maxim Savitsky. 30/10/2014,

More than 120% in two years have earned our customers

Entrepreneur visa. Tier 1(Entrepreneur)

Immigration to the UK

IMPORTANT! A NOTIFICATION ABOUT THE SECOND CITIZENSHIP

Tier 2 General

Jobs in UK

Visa to the UK