Greycoat Real Estate Charts New Course

Greycoat Real Estate has long been among the foremost experts in the London housing market. Lately the firm has taken notice of a number of concerning developments in the real estate industry. It has been compelled to respond to them in a manner that is fitting. At the same time, due caution must be exercised in order to keep an overreaction from setting in. 

An event recently occurred that gives a perfect example of the kind of dilemma that experts like Greycoat Real Estate currently find themselves in. The Bank of England has reached a seemingly unilateral decision to maintain the current base rate. 

This has been seen as a crucial declaration of independence from the mortgage markets. As Greycoat Real Estate recently pointed out, the move is not entirely wrong. In fact, within the property market, it ought to be able to take away at least a portion of the sharp edge from certain developments. 

These include the increasing affordability pressures that home buyers are struggling against. Any move that gives relief in this area is to be welcomed. For these and other related reasons, industry veterans such as Greycoat Real Estate continue to advise caution (CoStar). 

Notes of optimism have been sounded in some areas, but the general atmosphere remains a bit foreboding. The rate of inflation has yet to readjust itself. As of the previous August, it remains listed at a figure of 6.7 per cent. Greycoat specialists finally state that authorities have gone on record as admitting that these rates are unlikely to be adjusted in the foreseeable future.