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Three Essential Facts to Know About the UK Housing Market in 2018

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In this present day and age, the property market fluctuates greatly in the UK. It experiences ups and downs on a monthly, weekly or even daily basis sometimes. In 2017, the EU referendum, and the different moves by the government to make more real estate properties available, have all resulted in uncertainties for buyers. In some places of UK, properties became expensive with sellers taking benefit of the tax break made possible for the first £300,000 of any selling price. Though, property value increased, but the earnings growth hasn’t corresponded to this, making it difficult for people to buy houses. In 2017, there are a lot many things going around in the UK real estate housing market that has subsequently slowed down the market and had made it hard for a buyer to decide whether to buy a property in the UK or not.

Although these trends seem baffling, all hopes are still not lost. In 2018, things seem to change yet again in the UK real estate market. This time it is slightly better. Places like Luton, Bedford, etc., are receiving a great popularity for its real estate properties in the UK. First-time buyers and real estate investors can now go ahead and invest on properties in a much profitable manner in places like Luton. Luton isn’t just one of the UK’s largest towns but also one of its most diverse locations. Over 140 different nationalities make up this vibrant and multicultural society. Good housing certainly isn’t in short supply in Luton. The town benefits from its proximity to all major junctions and has regular rail services to London and the Midlands. Luton has its own international Airport offering both European and Transatlantic routes as well.="ltr">

Luton isn’t just one of the UK’s largest towns but also one of its most diverse locations. Over 140 different nationalities make up this vibrant and multicultural society. Good housing certainly isn’t in short supply in Luton. The town benefits from its proximity to all major junctions and has regular rail services to London and the Midlands. Luton has its own international Airport offering both European and Transatlantic routes as well.

On this note, it important for us to have some insights on the updates of the UK housing market in 2018.

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Things to Know About the UK Housing Market in 2018 Before Making Any Investment

Here are the three things you need to know about the UK real estate market before you buy a property in Luton:-

#1 – Affordable and Lucrative Properties Are Available for Purchase: You might not get a great property in London at reasonable costs, but if you shift slightly to the Northwest, then you will find great properties available at immensely reasonable value. Luton is one of those places, where you will find outstanding real estate properties for sale at affordable prices.

There can’t be a better place to buy a property other than in Luton. The place has all the facilities and is well-connected with the capital that makes it the best suit for real estate investment. In 2018, Luton has been one of the greatest attractions of real estate investors across the UK area.

#2 – Buy–to–Let Is Still a Viable Option: This segment of the UK real estate market faced a slew of tax reforms last year and left buyers quite uncertain about investing in these properties. But, in 2018, the UK real estate market has seen a considerable increase in property lettings. Places like Luton saw a significant increase on buy-to-let properties. Luton has been a good place to invest in buy-to-let as this place is receiving a good rental demand in 2018.

#3 – A Fixed-Rate Loan Plan Might be the Best Fit for You: A marginal increase is expected in the base rate of the housing loans of the Bank of England and although no hikes are expected during the year, a fixed-rate loan means that even small additions are not felt by you. First-time buyers of property in the UK can take benefit of schemes like ‘help to buy’ to further augment choices.

Buyers willing to invest on properties should identify the best places in the UK to purchase property within their budget, make use of any relief that the government offers, and enlist the help of established estate agents to ensure a pleasant, fruitful home buying experience in the UK real estate market.

If looking for estate agents to help with the property buying or renting, then contact My Estate. For details, visit www.my-estate.co.uk!!

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