The UK property market does not seem to have a clear path for its development and will be easily influenced by a lot of factors (stamp duty, Brexit). It is hard for anyone trying to draw conclusions and anticipate the future of the sales and lettings market in England.
However, this week we found a couple of information that can form a image of how the United Kingdom’s property market looks now and a bit about how it will look in the future.
First of all, we have the current image of the typical English street. It is formed mainly of semi-detached houses (32%), detached houses (25%), terraces (26%), and flats (14%). We can anticipate that these structures of houses will be those used for future developments.
Secondly, we know that England tops as one of the most peaceful country around the globe. This should be an important criteria for students, investors and anybody else looking to relocate.
When it comes to how the country will look in a couple of years, we now have some idea of the projects that will change the entire property market. One example are the recently financed by the Government Build-to-Rent developments that are supposed to create over one million new homes in the future years.
These are some main factors to influence the future of the UK. Keep them in mind when making any decisions in the real estate field.