It is that time of the year when we all should be finished with having a look at the year that was. It is the time when we should all look forward to the coming year so that the accurate predictions can be made. The year 2016 was an entirely different type of year for the ones who wanted to make huge investments. This actually means that 2017 is an unpredictable year. You will not be able to forecast things that would actually be happening this year. There are some certainties of the gone year that might have an impact on investments in property in the United Kingdom. In 2017, supply will be a constant issue in UK housing systems.
The all new Home Building Fund that has been put into place by the Homes and Community Agency in the UK will make way for government money being invested into building houses throughout the nation. The planning laws would be relaxed and the UK government also comes up with the promise of freeing up public space for significant developments. However, this change would not occur overnight. Effects of such changes might not be felt this year but in 2018. This year, property investors and landlords in the UK would still be found reeling from the influence of the stamp duty of 2016. Specialists are of the view that the stamp duty hike was one of the key factors in the complete slowdown of property transactions in the UK during the final quarter of 2016.
2017 would be a good year for the housing market in the UK. This will be the result of the complete modification of the housing regime brought about by the UK government. There are predictions that the slowdown in the economic growth of the United Kingdom will make way for property transaction and mortgage lending volumes dropping. There are two certainties of the UK real estate market. One is that the hunger for yield in the property investors will continue to be there. Another certainty is that there is a very little reason for doubting the property position of the UK. The UK real estate market will continue to be resilient and durable and will have extensive options to offer to the ones interested. Online investments in UK properties are likely to grow in 2017. All in all, it can be said that the property market of UK will be on an upsurge this year.
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