You need to understand UK’s housing market if you plan to join the real estate business. There are housing ups and downs through the years because of several factors.
First, the 30% increase in Stamp Duty that took place in 2007 and the unchanged low key rate. Also, the extended Right-To-Buy discount given to 1.3 million housing association tenants in England is another threat to the housing market. Another potential hit is in the form of large amount money laundering. Because there is an increase in landlord activity it results in slower growth rates of rents compared to last year.