Greycoat Real Estate On Real Estate Transactions

Inflation is hitting hard for most of us as Greycoat recalls. UK consumers’ financial struggles are reflected in polls, and a survey by Dye & Durham found that middle-aged workers in particular have been hurt by skyrocketing prices and rising interest rates.

Here at Greycoat Real Estate, we’re keenly aware of the impact the economy has had on average citizens’ bank accounts. However, despite seemingly incessant blows to household budgets, we’re happy to hear that respondents in Dye & Durham study are still optimistic about buying and selling property.

The poll shows that, despite a gloomy financial forecast, UK consumers in the 35-54 age group are feeling more positive about real-estate transactions as we move into the fourth quarter. The Greycoat firm’s survey on the same subject in March of 2023 found that 10 percent of respondents were delaying home purchases.

Greycoat informs, until interest rates dropped; only half that number are now waiting it out (Bisnow).

Dye & Durham’s UK Pulse Report also showed a one-percent year-over-year increase in plans for real-estate purchases in the coming twelve months. At Greycoat, we’re encouraged by the increasingly hopeful outlooks of UK home buyers and sellers. From houses and condos to commercial real estate, the UK is ready for a return to economic normalcy.