Want to Buy a House in London? Consider Buying Now
London is one of the best cities in Europe for real estate, whether you want to make a property investment or buy a house to use as a family home. If this is your dream, we can help you achieve it.
So, as of summer 2017, what is the current state of London’s housing market?
- British experts claim that property prices in London have fallen significantly since their peak in March 2016 – almost by 8%, with this index increasing slightly in August compared to July.
- The overall quantity of available property is declining. Houses in London have long been snapped up quickly by buyers, leaving little room for new owners to enter the market.
This is all happening against the backdrop of major economic events:
- In 2017, the unemployment rate recently showed the lowest figures in a couple of decades, as did mortgage rates.
- Inflation is exceeding the growth of wages.
If you’ve been looking for a good time to buy a house in London, consider doing it now. According to analysts, the UK’s decision to leave the European Union creates some short-term uncertainty in the real estate market, creating a chance for new buyers to get a good deal. And London’s enduring popularity means there are plenty of other reasons not to postpone your plan to buy a home in the country’s capital.
We understand that it’s difficult to make a good choice without expert guidance. We recommend you contact qualified specialists to help you reach your property dream.