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Showing posts with the label uk property market

How Will Brexit Affect The UK Property Market?

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The latest reports by RICS claim Brexit is challenging growth in the UK Property Market. Despite the uncertainty created by Brexit, London prime properties have been attracting buyers from overseas, mostly from the Middle East and Asia. The expectations of a drop in price amidst no deal seem to be a little too much. The UK Property Market has been resilient amidst geopolitical tensions, interest rate slash and political uncertainties and a general slowdown in a global economy that has been affecting all the markets and  Property for sale Manchester . The decline in sales can be linked to the 2008 crash, where the prices picked up in the initial years and have flattened in last years’. Overseas buying The market witnessed a boost in transactions post-Brexit deadline as many new overseas funds were seeking opportunities in the UK before Exit like Malaysia’s state-run Employees Provident Fund that invested $150m in British retailer Sports Direct International’s logistics facilit...

Growth in property markets and impact of undersupply on rents

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Latest figures find the properties in the north Lancaster, Blackpoll, and Durham are fastest growing where the number of homes sold in the year increased 17 percent as per Land Registry data released by House simple. The study covers more than 60 cities in the UK where at least seven regions showed the biggest growth out of 10 in the second quarter. The rise in the sale of properties in Lancaster was 16.6 percent and Durham sale increased 15.4 percent. It is a trend that the property price drops in November each year but this year the drop was fueled by uncertainty in political-economic situations that led to a reduction in the asking price, Hamilton investment properties , although, there exists a big difference in prices in different regions. Swinton was one of the regions from South which was in the top ten growing cities with a growth rate of 11.8 percent. Northern towns continue to grow and official figures claim the properties in the North East are yet to get back ...