Housing in UK

Housing in UK

Housing in UK

Introduction

UK property market has developed for a long time and therefore it is very traditional, transparent and predictable, which makes it the least risky. At the same time, the market is very diverse and so, not knowing the exact goals pursued by the buyer, it is difficult to advise anything concrete.

On the basis of this characteristic, the majority of transactions in the property market is held among investors and professional owners of residential property. In addition, that transparency, civility and the availability of the necessary infrastructure in this market makes it easy and if done right, with reasonable success (Chamberlin, 2009). UK market is highly liquid and residential properties located in the navigation areas are almost never idle and rented out rather quickly. The predictability of the market allows to accurately enough planning investment strategies and minimizing risk. The property in the UK is stable operating investment and a tool that long endows.

When buying real estate for investment purposes, the most liquidity is a studio apartment, which consists of a combined kitchen, living room, and bedroom into one space. As for the location, in London it is likely in Hammersmith, South and West Kensington, Noting Hill, Islington, Shore ditch, and Camden. Outside London to acquire such property makes sense in major business centers in the cities such as Birmingham, Manchester, and Liverpool or in cities, which are focused on the science and higher education that includes Oxford, Canterbury, and Bristol. Such objects can be found in the range of 200-400 thousand pounds to buy them and one can draw a loan of up to 70% (Essa, 2008). Moreover, the involvement of credit is highly desirable when purchasing an investment property, as it reduces the risks, reduces barriers to entry into the market and increase return on investment. Thus, to start investing in the English property market need to have funds in the amount of 60,000 pounds. When considering from an investment point of view, an investor may consider investing in a resort property in coastal cities such as Brighton or Hastings, but it is a more risky activity, which has its own peculiarities (Essa, 2008).

Buying a home in the UK considering self-accommodation may vary on many attributes commonly based on a combination of economic factors as well as self-desires. Moreover, the selection is based on the price of the object which varies on factors such as the number of bedrooms, size, prestigious area, etc. In addition, finding a home in the range of a prestigious school, the physical distance to major business centers, the age of the house, the view, the availability of parking, and etc are all concerning factors when making a decision of buying a house.

Discussion

Housing is one of the most important considerations in UK's economy, but also one of the most expensive investments. Finding an apartment or house for rent in the United Kingdom is not necessarily an easy task given the supply and demand in some cities, such as London ...