Real Estate experts feel UK Real estate is on the path of stabilization by Shravan Gupta

Mumbai (Maharashtra) [India]: Real estate in the UK is undergoing a transformative phase. According to real estate experts like Shravan Gupta, MGF Group, this is good and positive news for the real estate sector. The forecast of the boom in the near future has raised the trajectory of the real estate market. There are speculations that house sales will rise in a few months making the sector profitable again. One can’t pinpoint a single but rather multiple factors. It can be attributed to several factors like a rising interest rate, high mortgage rates and changes in rentals.

The stabilization is on the cards, but the above-stated factors may hamper it. Amongst these, a rising interest rate may have dampened the real estate segment. Some experts feel high-interest rates are likely to continue till spring. After that, it may come down. The biggest factor in a dip in house sales is the rising interest rate. People are reluctant to invest in homes and prefer to save money for the future. Housing prices have dropped for the second time this year, enhancing the risk of a further hike in interest rates. Shravan Gupta, MGF Group, feels the real estate market will bounce back. The reason for this is rising house prices after the lockdown. The growth in sales is expected in the year 2023.

We are seeing an elevated mortgage rate in the housing segment. It has dampened the spirit of first-time buyers. People are finding it hard to borrow money due to elevated interest rates. Real estate experts like Shravan Gupta, MGF Group, feel mortgage rates may be elevated by 60%. A high mortgage rate makes it difficult to invest in new homes. It will impact the housing market significantly, making it volatile. 

It is becoming less affordable to buy a new home for first first-time home buyers. The high prices are likely to have a deep impact on the London market. People find it hard to purchase a home in big cities like London. Such a situation is likely to continue till the end of 2023.

To sum up, UK Real estate is on the revival path. The market trends indicate that real estate will revive fully this year. Shravan Gupta, MGF, feels it is best to adopt a wait-and-watch policy for a new home buyer.

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Business Business News PNN News Press Release

Leading Digital Marketing Company in Usa ARK Marketing Pro LLC: Leading the Way in Digital Marketing Innovation

New Delhi (India), June 15: In the ever-evolving landscape of digital marketing, ARK Marketing Pro has emerged as a trailblazer, setting new benchmarks for success and innovation. As one of the leading digital marketing companies in the USA, ARK Marketing Pro is transforming how businesses connect with their audiences, leveraging cutting-edge technology and data-driven strategies. […]

Read More
Business Business News PNN News Press Release

Zaveri and Co.  Celebrates the glamour of Heeramandi with Exquisite New Collection

Ahmedabad (Gujarat) [India], June 15: Zaveri & Co., a name synonymous with elegance and craftsmanship in the world of luxury jewellery, is proud to announce the launch of its latest collection inspired by the opulent and vibrant world of Heeramandi. – The diamond bazaar. This collection, which masterfully blends traditional artistry with contemporary design, promises […]

Read More
Business News National PNN News Press Release

A Hero’s Welcome: Ambika Group’s MD Parveen Kumar Honored at Alberta’s Legislative Assembly

PRESPASS Alberta (Canada), June 15: In a heartwarming and monumental event, Shri Parveen Kumar, Managing Director of Ambika Group, received a resounding welcome at the Legislative Assembly of Alberta. The applause echoed through the hall, signifying recognition of his outstanding contributions to real estate and philanthropy. But who is Parveen Kumar, the MD of Ambika […]

Read More