Being a homeowner means different things to different people. Some want to own property to have a home to raise a family in. Others want to have an investment and they opt for real estate to also bring them a passive income. Statistics reveal that roughly 53% of the families in the UK are homeowners, meaning nearly half of the population might still be pondering on whether to buy or not.
“The UK is still below the EU average of homeowners but we are higher on the list than countries such as Germany, Switzerland, and France. It was in the 1980s that lawmakers introduced the Right-to-buy scheme and it boosted our local property sales and ownership, an effect we still notice today,” says Ray Crudgington, Managing Partner of one of the country’s leading firms when you need a solicitor for buying a property, Grant Saw Solicitors LLP.
He then states that many might still be unsure whether now is a good time to make this kind of investment and the question of whether it is a good time to buy property in the UK now, is one their clients often ask. Many have had concerns about the property market right after Brexit and then Covid-19 brought about a range of unique concerns too.
“While all of these things happened, it remains evident that many people still have the desire to have a property to their name. Being a property owner indicates that you’ve made it financially and that you are wealthy enough to become part of this segment of the population. This is evident in the fact that data shows us that property transactions are up by roughly 25% in November this year,” Ray continues.
He also states that regardless of all the challenges that the nation had to face, the property is still a good investment. When you take the price of an average home, it is now roughly £20,000 up in price than merely a year ago.
As the real estate market is still growing, you can be sure that you will see a return on your investment. This increase is the result of the small supply of homes that is not answering the growing demand. People are in general also keen on having more space available to them and mortgages rates are relatively low. Thus, now is as good a time as any to reach out to a leading solicitor to help you to buy the property of your dreams.
About Us:
Grant Saw Solicitors LLP was established in 1851, taking care of both the personal matters of our clients as well as of legal matters concerning the large corporates on our books. To do so successfully, our team consists of highly skilled professionals from a range of fields to ensure we provide a modern, effective and professional approach in all the matters we take on. Our long list of accolades testifies to our success in our field. With such a long-standing history, our reputation speaks of trust and efficiency. Visit our website at https://grantsaw.com/ and see how we can take care of your legal concerns.