The Current Housing Market and Property Companies
At the close of 2016, it was estimated that as many as 20% of UK property companies faced an uncertain future. Slowing market activity, fuelled by increasing stamp duty cost and the results of the referendum, affected property price growth, with many property companies feeling the effect.
More than 25,000 property companies felt the knock-on effect of market uncertainty, including property managers, lettings agents and residential landlords. This was equivalent to 18% of the property industry - a figure that had risen more than 6% from 2015.
As we enter the second quarter of 2017 have the forecasters that predicted doom and gloom for property companies been proved correct, or has the property industry continued to perform, despite unprecedented political and economic conditions?
Springbok Properties is one of the UKs leading property companies that specialise in selling homes as quickly as possible. With over 8 years continued success and routinely selling more than 230 homes across the UK each month, we have the expertise to help you. To receive a FREE valuation or list your home, call us TODAY on: 0800 068 4015.