The world had seen so much change during 2016. And the world's economy is not looking any better in the new year. Brexit, US election, France election, Greece economy crisis, and lots of other uncertainties are refreshing investors' minds everyday.
At the beginning of 2017, UK house price finally started to fall slowly. However in the capital city, affordable houses are becoming even rare. Mainly it was due to developers were not building new homes as fast as expected. The result to this will be a price rise on both renting and buying new homes in Greater London area.
However if you are holding large amount of cash, it is time to buy in center London. Our source shows a 10% off from asking price in center London area is very common now.
For property investors, the new Housing White Paper is dropping off Starter Homes policy and seeking more ways to encourage Build to Rent scheme.
Meanwhile the Guardian also suggested UK rents are expected to rise faster than house prices in the next 5 years.
One thing needs to be mentioned, a growing number of cities will require more parking space to boost local business and tourism, why not consider investing in car parks?
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