What’s going on here?
The UK housing market has seen better days. There is a general dip in mood among buyers. This sense has been around for a long time eve since Brexit and the general feelingng that the UK just is not what it used to be. .
What does this mean?
The British economy depends a lot on real estate. The confidence of investors in the British economy in general is measured by real estate in this country.
However, higher taxes, the Russians fleeing after the war and interest rates going up are all contributing to the flight of capital from the British housing market and making the country less attractive for international buyers who have traditionally chosen Britain to park their cash.
Why should I care?
As the market changes people continue to look abroad for options to buy in less stressful markets. The UAE has emerged as a leading market that continues to attract growing amounts of global capital in a much lower tax environment. It is here that companies like Nouba are truly shining and delivering the best of the best results.
Now, interest rates continue to decline and this dip could potentially be reversed but it is still too early to say if it can recover totally or will it continue to be the victim of government policies.
Would you relocate your capital to a growing market ? Let us know in the comments section.
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