Nick Millican Notices Explosion of London Home Sales
The UK housing crisis has been ongoing for years now and has had its fair share of ups and downs. Late 2023 we began to see something of a comeback as the market shifted to become more buyer friendly leading to more homes being sold. Nick Millican, the genius of real estate and property management, has noticed this trend continuing into 2024 but with a surprising twist that has shocked many people in the real estate industry.
Annual reports indicate that home sales have increased by a massive 16$ in London as of late. While many expected there to be a surge in sales in early to mid-March, having the industry blow up like this so soon is something of a surprise.
Ironically, prices are also still going up, though not nearly as fast as they did during the closing months of the Covid- 19 pandemic. The prices for homes in London are double what they are in the rest of the UK on average. And Nick Millican is aware of that.
New Home Shortage?
When looking at the evidence, real estate agent Nick Millican has realized that a lack of new homes in London may be driving the increasing prices, among other factors. This is because the amount of new homes in London has only increased by 7% compared to 21% in the rest of the country. This could help explain the massive pricing discrepancy.
Overall Nick Millican predicts that there will be a 10% increase in homes sold in the UK this year than were sold in 2023. Based on the evidence that we’ve seen, this housing market prediction seems very likely to come true.
The UK housing crisis has been ongoing for years now and has had its fair share of ups and downs. Late 2023 we began to see something of a comeback as the market shifted to become more buyer friendly leading to more homes being sold. Nick Millican, the genius of real estate and property management,…