During these times that we are experiencing a slow property market all over the UK, if you wish to buy house in England, or indeed in any other part of Britain, you have a wide choice of properties to choose from at low prices.
During recent years, the property market in the UK has slumped considerably, and banks are reluctant to lend money to first-time buyers. This means that there are very few buyers compared to properties being sold, which makes the property market in the UK currently a buyer’s market. However having said this, many owners with expanding families are opting for a home extension rather than moving.
Therefore, if you’re wishing to buy property in the UK that you want to live in or rent out, rather than resell quickly; you are in a very good position. On the other hand, if you were hoping to buy a cheap property, do it up, and make a good profit, you will probably be disappointed. Realistically, it is a good time to buy a property in the UK if you are not looking for a quick resale.