Is It Worth Investing in Real Estate Now?

Yes, if we're talking about real estate in the United Kingdom. Over the past few months, property prices here have slightly decreased. However, experts consider this a temporary phenomenon, and prices are expected to rise by approximately 2–3% next year. The increase will mainly affect high-quality properties in prestigious areas, while mid-range housing has recently been declining in value. Properties costing over £5 million are expected to continue growing in price. So if you're planning to purchase expensive real estate in the UK—say, a lord's ancestral castle—now is the time to do it.

According to experts, such estates will increase in value as they remain in high demand among wealthy buyers from around the world. Their prices are rising faster than those of other types of property. In fact, next year, the prices of luxury properties are predicted to grow by 8%—despite an expected significant tax hike for foreign citizens who do not reside in the property they purchase.

And if your property happens to be located near a mansion owned by a celebrity, its value will increase significantly. Rich and famous individuals love buying property in this country; tours to the UK remain among the most expensive and popular. Things look less favorable for mid-range housing, which is currently selling poorly. Supply significantly exceeds demand, forcing sellers to lower prices by 10% to 40%. According to real estate agents, this trend is likely to continue for another year. Next year may also see a decrease in domestic demand due to reduced mortgage lending. Therefore, if you're interested in purchasing property under £1 million, it's important to closely monitor the real estate market. Experts predict that property in the southern regions of England will become more valuable.

However, before investing in property located in the northern or central parts of the UK, you should think carefully. Real estate in these areas is not in high demand. The highest price growth next year is expected in London—about 3%. As for London family cottages, expert opinions are divided: some believe prices will fall due to decreasing demand and investors turning to other property types; others predict that prices will rise, since family homes will always hold value...