Richard Butler Creagh : How Brexit Could Affect The UK Housing Market

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Richard Butler Creagh shares the potential in the UK housing market


Welcome to the Richard Butler Creagh blog. With the Government preoccupied with the progressing Brexit dialogs with the European Union, the housing deficiency in the UK is turning into a more concerning issue. It is an immediate result of the chronic shortage of good quality housing being conveyed to take care of the developing demand and shifting demographics in the UK. The government’s government’s continued inaction on the housing issue has prompted the huge rise in house costs and leases in leading to the departure of youthful families and professionals from the capital to the regions.

Richard Butler Creagh

Changing transport links have had a big impact on the housing landscape. 
These developments in transport infrastructure are so significant that Birmingham is not only an economic hot spot in its own right but can also claim to now be within the London commuter belt with a travel time of 1hr 25. For instance, towns in the South East including Reading, Slough, and Windsor will benefit from the increased connectivity and ease to London through Crossrail, while urban communities in the Midlands such as Birmingham will be reinforced by the HS2 fast rail line.

These improvements in transport infrastructure are significant to the point that Birmingham isn't just an economic hot spot but can also claim to now be within the London commuter belt with a travel time of 1hr 25.

Culture and industry are driving consumer interest
Birmingham has profited from a fast-growing economy as well as large-scale city center which is helping fuel population growth. Those familiar with the ongoing achievements in the UK will effortlessly spot how Birmingham is following in the footsteps of Manchester in providing affordability, accessibility, and interest that consumers seek.

Thus, other hubs of culture and industry including Bristol, Leeds, Bradford, Farnborough, Woking, and Edinburgh are largely profoundly alluring to buyers who are searching for the ideal mix of affordability, connectivity, and accessibility

Property investors are turning to the regions

Next, the debate was informed by Savills research which highlighted that projected five-year growth for house prices was becoming less London-centric with the northwest leading the regions while London is now ranked last. (Source: Savills, Oxford Economics, 2018) Regardless of the present trends, London will always have its place at the pinnacle of the UK housing market With concerns on whether properties will be sold easily in the local markets. Investors, brokers, and lenders need to work together Now, each one of those involved with UK housing, from lenders to developers to lawmakers, can work to secure what is a well-established marketplace. By working together, we can guarantee the UK housing market stays on course.

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2 comments

  1. I absolutely love your content Richard, Thank you so much!

    ReplyDelete