The
past year has seen a number of fluctuations in UK as a whole. Politically and
economically, 2016 can be objectively said to one of the most interesting years
in recent history for the nation. When it comes to the housing market, the past
year has witnessed two significant changes, EU referendum that voted out and
stamp duty.
Although
stamp duty was introduced two years ago, the changes started becoming more
apparent near the end of 2016. The changes in stamp duty had a great impact on
the market where the cost of house buying has already shown substantial
increase.
Coming
to the effect of Brexit on housing prices, the data collected by Office for
National Statistics show that buying costs were up by 6.9% all across UK. Since
the start of 2016, gradual growth has been seen in the real estate market.
However, this has been attributed to the shortage of homes available for sale.
The number of properties becoming available in the market has decreased while
the number of buyers has gone up.
As
you cans see, there is a lot happening in the current real estate market in UK.
If you are looking to buy, sell, or rent property, it is advisable that you
hire a competent real estate agency. Not only are the agents well aware of the
current financial situation of the residential property market, they can also
assist you with their own expert insight. If you are looking for houses,
apartments, and or bungalows for sale
Benfleet Essex, it is a great idea to hire a real estate agency.
Make
sure that you choose a firm that has good reputation and reviews related to
customer experience and quality of service. They will make sure that you get
great property deals and lead you towards making profitable investments. Real
estate agents will also be there during the closing to oversee the transaction
and make sure that every penny you are spending worth it. Additionally, they
will be a great help when dealing with the legal procedures like filling out
forms and drawing up agreements.