Nick Millican and the Fluctuation of Housing Prices in the United Kingdom: Will They Reach Their All-Time High

Real estate agent Nick Millican talks about the UK´s current housing trends. The Standard in the United Kingdom published an article concerning housing prices. Although prices fell in April 2024 for the second straight month, they are still only 4 percent under the all-time highs for homes.

The article indicates that first time home buyers are seeking out less expensive properties in different areas of the country as the expert Nick Millican notes. There is pressure due to mortgage rates and the value of homes that prevent these individuals from entering the market.

The article cites two ways buyers avoid the higher prices. One is to purchase smaller and prettier homes. The other is to seek homes that need work. Both result in lower costs, and a way to enter the home buying market. For Nick Millican, the number of buyers who had to take less than they wanted was cited at 38 percent.

Those figures include buyers who employed one or both of the above referenced methods to buy a home for less money. It is simply compromising what you want in order to get into a home that you own. It is a tactic used by many first time buyers; Nick Millican resides in London where his expertise and experience in the real estate industry is put to good use.
He is certainly aware and tracks the fluctuations in the prices of properties. Nick Millican could certainly explain why homes are below their high-water mark. He could also render opinions on which direction to expect those prices to move in the coming months. A person with his experience knows how to anticipate future movements in the real estate market.