The UK housing industry seems to be booming currently as buyer demand has increased about 11% this year, as Greycoat specialists comment. The number of houses being sold throughout the region has also gone up by about 21% which seems to indicate that buyer confidence is now higher than it’s been in quite some time.
Real estate agents have been selling about six properties a month compared to 5.2 last year. Speaking on the housing boom, the CEO of Property Mark, Nathan Emerson said it’s inspiring to see such success in the housing market. And, Greycoat adds, they hope this will encourage those who are thinking about buying a house to give it a go.
Despite interest rates remaining steady, more recent monetary policies should provide potential buyers all the assurances they need to feel confident about purchasing a house. And this is where Greycoat real estate agency specialists come in.
At the Greycoat real estate agency, the director of Marty Gerard, Simon Gerrard, said although the market might not be at its full potential right now, it certainly seems to be headed that way (Bisnow).
He went on to say that there are still possible hindrances, but right now it seems like the housing market will eventually be able to recover from all the losses it suffered in recent years. He is hopeful that this will lead to a drop in interest rates as inflation starts to come down, as Greycoat finally states. Nigel Bishop commented on how the market is often driven by availability and how sellers have become eager to put their properties up for sale. Whether the market fully recovers remains to be seen.