2017 is an important year for the UK real estate investment market. The influence of Brexit is seen as the core. Those who plan to participate in a UK real estate auction to buy a second or more residential property are hit by an additional 3% stamp duty. The then British Prime Minister, David Cameron, resigned, minimizing his financial value at the international level over the past 31 years. This also affects the UK real estate investment market!
Even if 2017 is coming to an end, this series of events does not seem to stop. The Bank of England has recently introduced changes to the mortgage/loan rules. These changes have severely affected the investment plans of those who apply for mortgage/loan approval to purchase residential properties in a home auction. Now, all financial institutions and lenders are checking the various records of each property associated with the applicant. portfolio. These changes in the mortgage/loan rules have indeed changed the way the UK real estate investment market works.
What is expected in 2018?
• For the UK real estate investment market, 2018 will also be a very year of great trouble. As for the reason, the Brexit is likely to strike again. The United Kingdom and the European Union have arranged meetings in this regard. This meeting will greatly determine the situation of the UK real estate investment market.
• If you are considering participating in a UK real estate auction to buy a residential property, please wait a while to see the results of the Brexit meeting between British political officials and EU members. You should play more waiting for the game because the EU is now trying to launch a plan to postpone the Brexit meeting with the UK.
• It seems that the outcome of the 2018 Brexit Conference between the EU and the UK is a combination of good news and bad news from investors. Those who plan to sell home auctions to get a return on investment [ROI] may face an economic loss of 0.5% to 2%. This is a troublesome news for the landlord.
• Those who want to buy a property in London may smile, as housing prices in London are about to fall. This is good news for those who want to invest in London properties. This will also restore the control that the British capital has lost in investors over the past few years.
• But you should not limit your investment plan or vision to only London properties. Housing prices in these towns have risen sharply from 10% to 17.5% in other towns such as Manchester, Liverpool and Birmingham. Even many investors are now starting to participate in real estate auctions in these parts of the UK.
What is the best advice?
It will be a wonderful year for those who plan to buy a house in London in 2018. But for the landlord this can be very difficult. Due to the uncertainty of the Brexit and unstable housing prices. Therefore, you have no choice but to get in touch with London's experienced real estate investment agents.
Orignal From: 5 things in the UK real estate investment market in 2018
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