Greycoat Real Estate offers an understanding of the trends in the UK’s property market, as is depicted in recent reports. One of the most striking features within the property purchase market is the uptick in the inventory. This has reached an eight-year high, with the South West, witnessing the most significant gains.
This growth is partly attributed to shifts in taxation and planning rules concerning holiday lets and second homes.The issue of polarization of house prices between the southern and northern parts of the country persists. And Greycoat real estate agency specialists are very well aware of this.
The southern regions are characterized by slight reductions in prices. The northern cities including Belfast and Burnley witness upward trends in prices. According to Greycoat, this gap is attributed to cost constraints and the prevailing high interest rates on mortgages, particularly in the southern region.
Greycoat Real Estate Agency also focuses on the shift of estate agents, as depicted by the case of H&H Land & Estates that has shifted to online operations (Warrington).
This change is to integrate big data with conventional services so that the property dealing process can be more efficient and easy. Visit Greycoat Real Estate, for further insights and a detailed analysis on these trends.