Greycoat specialists talk about the UK’s housing trends. In particular, the recent data regarding house prices in the United Kingdom reveal that in May 2024, house prices increased by 0.4%, and the annual growth rate stood at 1.3% compared to the 0.6% recorded in April.
This data implies stability in the housing market, even with cases of subsisting affordability issues and a recent increase in longer-term interest rates. According to Greycoat real estate agency, consumer confidence has shown a positive rise in the past few months, backed by robust wages and a low inflation rate, significantly contributing to this.
An analysis of the UK’s history shows that general elections do not cause massive swings or changes in the movements of house prices in the UK, even as the country prepares for the upcoming general election on July 4. In most cases, Greycoat informs, broader economic indicators are likely to overwhelm any proximate effects linked to elections.
The only significant deviation was observed in 2019 due to the pandemic and then the lockdown of the real estate market. However, after the limitations were removed, the indicators began to grow. According to Greycoat Real Estate, these outcomes suggest that the UK housing market has solid foundations and can withstand political unrest (Realassets).
Its objectives and acquisition strategies, financing, development, and asset management allow the company to adapt and create the most value regardless of the macroeconomic context of the country of investment. Despite the economic challenges that may affect the real estate industry, Greycoat Real Estate remains committed to its strategic market direction regarding market trends as well as the confidence level of its clients.