Good time to buy property in Canary Wharf
The research is in and it is good news for buyers in Canary Wharf. Although there is property price growth forecast, it is due to be slow in the first six months of the year. The winter months are always a slower time and while there may not be as much choice on the market it can be a great time to catch a bargain.
If you are ready to go keep your eye out, a good opportunity could come your way soon. Research at JLL shows that process will only grow by 1% in the first six months of the year. Their head of UK Residential Research said, ”With UK earnings growth set to return to a more normal rate of 4% per annum by 2021, real wage growth and more modest property price increases will unlock transactions that have been hampered by a lack of affordability.”
UK Property Market expected to remain stable
Research also shows a growth of 1.5% by the end of 2019. All eyes are on Teresa May and whatever Brexit the country runs with, but the good news is that property should remain stable and steady. Although the numbers are growing the growth will be a slow rise.
If you are in the market to buy, the timing is good. Also, with interest rates set to rise in the coming years, it is looking like 2019 could be the best time to make that move. Locking in a good interest rate now could save you a lot of money over the coming years.
Looking for a place to buy in E14?
If you are on the market for a new property, then look no further. Give our agents in Canary Wharf a call today, we may have the perfect property for you.
