Skip to content
Tuesday, July 8
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
The Prime Media

The Prime Media

Just another WordPress site

The Prime Media

The Prime Media

Just another WordPress site

  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
Trending Now
  • Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat
  • Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat
  • Gujarati Song ‘Vanzara’ by Kavita Das Goes Viral, graces the iconic Times Square billboard in New York
  • Surat Stuns with IIFD’s Arasa and Gaba Design Extravaganza
  • A Grand Celebration of Love and Legacy: Deepakk Negi Marries Radhika Rathore in a Royal Affair Across Jodhpur and Delhi
  • Experience Premium Living: 3BHK Flats in Bhopal at Green City Extension by Krishna Homes
Home>>Business>>Real Estate experts feel UK Real estate is on the path of stabilization by Shravan Gupta
Business

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

July 21, 2023

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.

Related tags : Business

Previous Post

Indian Actress Prajakta Shinde in the role of a bubbly girl in the romantic Marathi film “Tujhyat Me”, in theaters on July 21

Next Post

Neha Mishra shines in the Latest Web Series “Scoop” on Netflix, delivering an Outstanding performance as Saumya

Related Articles

Business

Budget 2025: Industry Voices Weigh in on Growth, Relief, and Challenges

Business

Startup Reporter announces list of 21 Business leaders of Rising India 2023

Business

College Dropout Mayank Kumar built World’s Sanskrit Programming Language

Business

This Festive Season Kingston Technology offers up to 60% discount on Amazon Great Indian Festival Sale

Business

InkQuills Publishing House- An Evolutionary and Approachable Go-to Solution for Writer and Authors

Recent Posts

  • Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat
  • Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat
  • Gujarati Song ‘Vanzara’ by Kavita Das Goes Viral, graces the iconic Times Square billboard in New York
  • Surat Stuns with IIFD’s Arasa and Gaba Design Extravaganza
  • A Grand Celebration of Love and Legacy: Deepakk Negi Marries Radhika Rathore in a Royal Affair Across Jodhpur and Delhi

Recent Comments

    © 2025 The Prime Media | WordPress Theme Ultra News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • Education
    • Sports
    • Press Release