Greycoat: Looking for A Good Property Investment? Consider Small Homes
The real estate market has been in absolute turmoil for the past several years due to the intense effect of the COVID-19 pandemic and subsequent economic challenges that followed. However, as Greycoat specialists recall, the economy has begun to stabilize more or less and some interesting developments have started to arise.
In a reversal of the usual trend, housing prices in the north of the UK have risen, while properties in the south have diminished, sometimes significantly so. Although overall prices have begun to change based on region, Greycoat informs, one thing that seems to remain consistent everywhere is the value of smaller properties.
The trend shows that its value is increasing steadily while the owners of larger homes and buildings have had to settle for much lower than the asking price. Renown asset manager Greycoat advises those looking into residential land investment to focus more on smaller properties for the time being.
Changes in people’s budgets as well as working conditions, most notably the shift toward work-from-home, have made it much more sensible from a buyer’s perspective to focus on purchasing properties that are largely needs-based, with many of the amenities larger properties offer being considered optional expenses.
Greycoat is the one in charge to apply these new tendencies and understand their clients. As smaller properties are more geared towards affordability and functionality, it makes sense under current market conditions for those interested in long-term investments to shift their gaze towards more modest holdings.