Despite a level of uncertainty due to the current political landscape, buyer confidence seems to be returning across the UK property market.
Since 23rd June 2016, the number of new buyers has started to increase as many are seeking post-Brexit bargains, or simply realise that nothing substantial is going to change for at least two years, therefore there is no reason to postpone plans to get onto the housing ladder.
UK house prices have remained extraordinarily stable, down by just 0.2% in June, with average house prices sitting at £235,347. Furthermore, London prices have only dropped by 1.3%.
Looking at the larger picture, UK transactions did fall by 28% in June as people awaited the Brexit result, however, as a recent article in the Property Reporter highlighted, ‘valuations have risen since the Brexit vote by 10% on the weekend after the referendum’.
These statistics show that despite scaremongering, the market is returning at a brilliant rate. In addition, now could be a brilliant time to buy as there is slightly less competition on the market to secure your perfect property.
If you’re a first-time buyer and are looking for apartments in London, Inspired may have just the thing for you.
We build stunning studios, one and two-bed apartments that are all fitted out to the highest standards with marble bathrooms, wooden floors, and Bosch appliances. Our outdoor spaces and shared living areas are award-winning and include sky gardens, cinema rooms, and residence lounges.
Our homes start at £199,950
To find out more, please contact the team on 020 8688 6552 to arrange a viewing.