UK real estate
Marketing
UK real estate
Is Now the Right Time to Buy a House in the UK? Weighing the Pros and Cons of a Stabilizing Market
The UK housing market has always been a point of interest for investors and homebuyers alike, including many Nigerians looking for opportunities abroad. The UK housing market has experienced significant changes in recent years, with the COVID-19 pandemic being a key driver of market fluctuations. After rapid price growth in the aftermath of the pandemic, the market has shown signs of stability, with moderate price increases expected in 2024.
Marketing
UK real estate
The UK Housing Market
Back on planet UK, the real estate market has been hurtling towards the stars at breakneck speed since Brexit. Official figures out this week show that prices rose 12.4% over the year to April 2022, with average sold prices reaching dizzying heights of £281,000. There are regional disparities, average prices in England increased to £299,000 (11.9%), in Wales to £212,000 (16.2%), and in Scotland to £188,000 (16.2%).