Want To Know The Top Five Things That Will Be Impacting The Real Estate In 2017?

The real estate market in the UK is not unaffected by the global aspects. Experts feel that though the 2017 shows a promising start, there could be several ups and downs in the coming months depending on the overall market trends in the US and worldwide. Interested in knowing the top ten aspects? Here are they.

Political issues, instability and frequent change in the policy will keep the uncertainty high. In spite of the fact that the investment in real estate will continue to be a lucrative choice, frequent ups and downs will make the profit booking difficult. Volatility in the prices will be quite high. Here are the top five things that will rule the real estate market.

Debt market will shrink further

Not only buyers are reluctant to go for debts today due to economic instability, but regulations also make it further difficult. The debt market is slowing down. As a result, several insurance companies that have been investing in the real estate are finding it difficult as they achieve the maximum allocation limits.

 

English: A typical home on the Glendale Grange...

English: A typical home on the Glendale Grange division of Stapleton Bristol UK (Photo credit: Wikipedia)

There is a demographic shift in buyers

Yes, there has been a big shift in the age-group of buyers. Today, we have more young buyers in the age group 20 to 35 as against the age group of 50 to 70. It is quite obvious that the buyers are more skeptical and keen about technical details. They want the best value for money and not ready to compromise on quality. When the same property is under consideration, young buyers win the race.

More urbanization happens due to infrastructure development

It is visible in the most parts of the UK. People are moving outskirts because they want residential complexes in the lap of nature. However, in the process, there is a heavy urbanization happening all around. When a residential area gets developed, it requires approach roads, shopping centers, schools, movie halls and restaurants.

Thus, the whole area becomes crowded and loses the natural looks. Experts say that the trend looks to be continued in the coming years.

Global political scenario will be volatile

Last year we saw a lot of turmoil in the political scenario worldwide. It had a great impact on the real estate business. The coming year also brings several new developments at the global, national and local levels. Social issues, taxation issues, and other economical aspects will get affected by it.

As a result, the real estate market will be quite volatile and dynamic in 2017. Experts feel that all predictions will go haywire. Hence, investors, buyers, and real estate providers; all need to be cautious. Taking undue risk may become problematic.

The definition of so-called ‘middle class’ will change further

In the past three decades, there has been a tremendous change in the economic distribution. The so-called middle class is disappearing pretty fast. The same trend will continue further and there will be no existence of it in future.

These are the predicted trends that may change the face of real estate market in the UK.

About

Having served 16 years in the army Colin re-educated during the early 1990’s including two years at the Camborne School of Mines reading Mineral Surveying and Resource Management achieving a first class Diploma (Dip CSM). This allowed direct entry to the second year at The University of the West of England, Bristol reading Valuation and Estate Management. Training and experience was gained with Exeter City Council Estates Department and Sheperds Chartered Surveyors qualifying as a Member of the Royal Institution of Chartered Surveyors in June 2003. Colin set-up the company in May 2009 and covers the complete range of services.

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