Why The Budget Is Good News For The Prime UK Housing Market
Our colleagues at Fine & Country have produced a clear and informative report about the outlook for the prime UK housing market.
With everything you read in the papers about the dangers faced by the UK economy, it's easy to lose sight of what's actually happening to the prime UK housing market. The reality is that every metric we look at shows the UK property market, including prime, is returning to its long-term equilibrium.
It's true, prices in London currently stand at about 15% below their 2014 peak, but 2014 was not normal, it was exceptional. While it's true that prices of real estate will almost always go up over the long term, it's a mistake to equate moving back to reality with the market fundamentally weakening.
To see a full copy of National Housing Market report please click here