Greycoat Realty and the 2024 London Housing Market
In England and around the world, property industry eye is an excellent online source of articles about the real estate market in the Greater London area and the United Kingdom. According to Greycoat specialists, at the end of the year there is always the tendency to look towards the new year.
An article in the publication offers an outlook on 2024. Sales should continue to increase as backed up demand is driving the market. The story states that homes are overpriced. Also, Greycoat adds, that there will be a continued drop in prices although it will not reach the true value of the properties.
Mortgage rates will continue to be a driving force in the market. They have kept some potential buyers out of the real estate arena, and that will not cease. Greycoat adds that one further note for 2024 is the effect of rising rents.
They are outpacing housing costs which mean it will be more cost effective to buy rather than rent. This generally impacts first time buyers who are motivated to escape the rent trap. If any current or potential property owner is seeking advice on the 2024 market, one place to look is Greycoat Realty.
They have a proven track record in the Greater London market. One would be well advised to seek their counsel and guidance. Of course, no one agency or individual can guarantee totally what will happen in 2024 but any person or business would be well advised to heed the advice of Greycoat Realty. They know from experience how the market reacts.