Universal real estate research firm Knight Frank has viewed into the future and divined that the United Kingdom’s (UK) housing market won’t go back to peak levels until 2019. The statement shows that the UK’s deal levels are about 50% of their stage prior to 2007 and the small interest rates being continued to re energize the market will in turn undermine the market’s ability to recover more rapidly. Even worse, the wider Euro zone economy is not improving as more severity is proposed in neighboring nations, which means there will be fewer for foreigners to invest in the UK.
The UK property business is experience its longest revival on record and prices are unlikely to reach levels last seen during the peak of 2007 until 2019, according to analysts. Property prices in prime central London have gone from strength to strength this year, but the universal trend within the UK market has been for prices to fall, says the newest analysis from Knight Frank. Transaction levels in the UK housing marketplace stand at roughly 50% less than throughout the last market peak in 2007, and are 35% under the 20 to 30 year average.
The UK property business is experience its longest revival on record and prices are unlikely to reach levels last seen during the peak of 2007 until 2019, according to analysts. Property prices in prime central London have gone from strength to strength this year, but the universal trend within the UK market has been for prices to fall, says the newest analysis from Knight Frank. Transaction levels in the UK housing marketplace stand at roughly 50% less than throughout the last market peak in 2007, and are 35% under the 20 to 30 year average.