UK Housing market declines due to a slowdown in sales

UK Housing market declines due to a slowdown in sales

Published at: 2017-02-22 08:38 | Author: iBroadcastPR
Sales on the UK housing market are predicted to fall by 11 percent this year, the most significant drop since 2008, as a result of inflated home prices and economic uncertainties. Many market watchers blame Brexit for the country's stagnating property prices, mortgage rates and housing sales. Detached homes in London will spend an average of six to seven months on the market before finding buyers, according to the latest data published by home.co.uk. Current UK housing prices are way above what buyers are willing to pay, according to local news reports. The trend is expected to continue this year.

Similar Stories:

Office investments in Poland  top €3.8bn in 2019
The real estate investment volume in Poland was a record-breaking €7.4bn in 2019, with o  »
Warsaw office market to break records in 2020
Poland’s office market witnessed significant growth in 2019 and the trend is expected to  »
CBRE: Transaction volume in commercial real estate in 2020 will reach in the Czech Republic €3 bn
Prague, 18th December 2019 – CBRE, the world leader in real estate services, predicts a  »
Wing finalizes acquisition of Echo Investment
Hungarian developer Wing has finalized its acquisition of a 56-percent stake in Echo Inves  »
Is it a priority for you to strengthen your teams in all areas or do you think it’s bett   »
How was 2018 for you? Have you been able to take full advantage of these strong economic t   »
Why has it taken so long for development of the central western portion of Bucharest to be   »
Where do you see your company going over the next two years? We are staying true to the   »