flats

Photo source: Flickr http://bit.ly/2w1IB2K

There comes one point in every home owner’s life when a though crosses his/ her mind: I need a bigger place. Climbing up the property ladder is a natural thing to do when you have a family and the financial situation is in your favor.

The solution is either moving into a bigger apartment (considering you already own one) or switching for a house. And the decision might not be as easy to take as you might think. A spacious and well placed apartment can be almost as expensive as a house, so the financial reasons might not be enough to have a clear choice.

If this is the case, bear in mind a couple of decisive facts when choosing a new place to live:

  • Try to estimate as realistic as possible the necessities for the family space. How many bedrooms? How big should the living be? How many bathrooms?
  • The neighbors. You might be that type of a people person that doesn’t mind hearing neighbors through the walls or you might want some peace and quiet and more personal space. A house doesn’t guarantee sonic isolation, and you’ll still have neighbors looking over the fence, but it is clearly more isolated than an apartment.
  • Gardening. Decide fast how much do you like it and to which extent. If you find overwhelming watering the cactus, you will definitely hate mowing the lawn once every… let’s say ‘week’ to make you feel comfortable.
  • Future development. Do you think you’ll need a garage or some extra storage space in the years to come? Think about how flexible the surrounding space should be to meet all your needs.
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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.

Photo source: http://www.propertyreporter.co.uk/property/what-if-the-population-of-the-uk-lived-on-one-street.html

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.

Photo source: http://www.propertywire.com/news/uk/biggest-build-rent-development-uk-gets-65-million-government-boost

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.

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