Looking to the future: the UK property market in 2022 | Oldypak Capital lp

British real estate retained its high liquidity in the tense year of 2020. In this sense, it loses to German, French and even Swiss real estate, the value of which was struck head-on by the pandemic. Experts, at first timidly, and now more and more boldly, speak of a real renaissance of the UK market.

The most resilient market of 2020
On the fact that the coronavirus pandemic, which suddenly came to Europe, seriously changed the balance of power in the global real estate market, wrote all the most respected analysts, including experts from Knight Frank and Savills. During this period, prices fell even in the medium price range, which has always enjoyed wide popularity among Europeans. The premium real estate sector remained relatively stable, but even here the prices are frozen, and developers who sell such houses and apartments, froze in anticipation of change.

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The market of residential and commercial real estate in the UK on this crisis background looks very good. Properly organized quarantine, as well as targeted support for the construction industry by the UK government, allowed to avoid the worst-case scenario. In addition, a big role in stabilizing the market played the behavior of developers, who, believing that the difficulties are temporary, went through a slow decline in rates.

As a result, thanks to the achievements of 2019 and the right strategy at the beginning of the pandemic, UK real estate retained its status as the most liquid in Europe. As for the EU countries, many of them, under the influence of the coronavirus, were forced to significantly lower rates on square footage.

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