The housing market in the UK is stagnant right now. That means it isn’t getting better or worse. This isn’t the best news but it could be worse. This explains why the market is doing this. If you are interested in real estate or want to buy a house to live in this is good info. it helps you understand why the market does what it does. You can make your housing decision accordingly once you understand.
Key Takeaways:
- A lot of people in the UK have trouble making enough money preventing them from purchasing a new home.
- The prices of houses on the market in the UK have decreased over the last year.
- Rules that regulate mortgages have impacted the housing market in the UK negatively.
“Fresh signs of a slowdown are expected later this week when RICS releases its June report.”
Read more: https://www.businessinsider.com/uk-housing-market-explained-price-2017-7?r=UK&IR=T