England, part of the United Kingdom, and a country for itself. The name’s origin is from the Old English name Englaland (land of the Angles). Wales is to the west and Scotland to the north. England is separated from Europe by the North Sea, and the English Channel is on the south. The Irish Sea is northwest of England and the Celtic Sea is to the southwest. Population: 56.3 million. The UK has a temperate climate. It is often cloudy with wet winters and warm, wet summers, rarely extremely hot or cold. Weather conditions are very unstable, and the country is well known for that. Recordless of the unique weather, England is an opportunity for real estate investment.
Do you know about David Beckham? He is from England. Big Ben, Fish and chips, the Beatles, red buses, tea, London, and many more things from England are clear associations for this Country we know so much about. Rich history and language, Royal Family and Windsor Castle. All the landmarks and famous people. England is the epicenter of huge political and entertainment events throughout history and it is still today. Real Estate in England is a huge piece of that puzzle.
The United Kingdom economy depends on real estate as an important part of it. As one of the largest real estate markets in Europe, it plays a significant role on the global stage. Approximately 250 billion euros in size. Domestic real estate is the largest non-financial asset in the UK, and that is telling a lot. In London specifically and in other parts of this highly developed country, foreign investments in real estate are enormous.
In August 2021, UK house prices increased 10.6% compared to an 8.5% increase in July 2021 from the beginning of the year. The tendency is obvious, numbers are clear.
Predictions for Real Estate in England are going in the same direction. A steady but consistent rise in house prices is expected. All of the effects of Brexit and the pandemic that created growing demand in the buy-to-let space but at the same time weakened demand in the sales market are slowing down. On its straightforward path to recovery, the market is talking and the thing it is saying can reassure any property investor that the situation is calming down. From the real estate market perspective, England is looking promising in 2022.