Greycoat Real Estate, one of the biggest players in the commercial real estate sector, starts a journey into the world of commercial property reconstruction, this being a parallel trend from a fascinating article about Property Industry Eye. House prices are a major factor that affects your decision on whether to buy or rent.
The prices are affected by factors such as demand for houses and inflation rates. In the UK real estate market, house prices are stabilizing, and demand is increasing. According to Greycoat Real Estate, there is an increase in the number of people looking to rent houses.
This, while there is a decrease in the number of landlords putting them up for rent as Greycoat real estate specialists share. The rental prices are expected to go up since the demand is higher than the supply.
There is a need to ensure that consumers in the real estate industry make an informed decision when choosing the properties to buy or rent. The UK government wants to make improvements to the existing renting and buying process by evaluating the existing one and making changes where necessary. And this is when Greycoat agents come in handy.
There´s more on this concern but we can conclude that The Bank of England is also expected to lower its interest rates soon since inflation is low, Greycoat finally adds. With more properties in the market, UK buyers are finding it difficult to decide on which property they want. This has, in turn, made the process of buying a home lengthy since the buyers have to decide and then bargain before closing the deal with the agent.