According to real estate agent Nick Millican, rents in the United Kingdom have gone up dramatically in recent years. However, the housing prices are going down. A recent report showed that the London housing prices have decreased by 1.1 percent.
Current rent prices have increased by 6.8 percent. The average price of housing in the United Kingdom decreased by 0.1 percent. Jonathan Hopper is the chief executive of Garrington Property Finders. From Greycoat, he stated that an 0.1 decrease in housing prices may seem like a little bit of money.
However, this is the first time that housing has decreased in 11 years. A recent report also showed that inflation is going down. The inflation rate in October was 4.6 percent. In September, Nick Millican informs, the inflation rate was 6.7 percent.
Nick Millican informs how Nicky Stevenson is the managing director for Fine & Country, which is an estate agent group. She stated that she hopes the decrease in interest rates will prompt more people to buy houses.
Experts are predicting that the housing prices will continue to fall in 2024. Nick Millican is known for his role in the real estate agency. He has helped many people find their home and can help you find your dream home. Nick has also worked in the financial sector, which has further helped him advance his career in the real estate agency.