Greycoat Real Estate, along with other estate agents, is concerned by the Resolution Foundation’s recent report. It states that among advanced countries, homes in the UK are not a good value. Buyers get less home for more money. In fact, UK homes are the worst value for money.
A lot has been said about the UK housing crisis, but this is news no estate agent wants to hear, Greycoat specialists assure. Deeping down the housing market, UK home buyers get less sq. feet and live in older homes than buyers in other markets. About 46% of the homes in the UK were built before 1946.
This, far more than other European countries like Spain and Italy. These older homes cost more to heat as they are typically not well insulated. While this is an issue to UK home buyers, it is also discouraging for foreigners looking to buy a home in the UK. And this is when Greycoat real estate agents come in handy to better help their clients.
Greycoat Real Estate mainly deals with commercial properties as investment opportunities. A company looking to establish a UK office knows that their employees will need a home.
It’s hard to convince key employees to move to the UK if they will get less space in an older, more expensive home. Even renters are feeling the pinch. Greycoat further implies how average rents rose 7.8% since 2023. In the next elections, the housing crisis will be a major issue.