For the last several years, as the UK economy has basically wobbled from one piece of bad news to the next, many people have been through some true difficulties. Far too many workers have found that the great paying job that they had was eliminated, as many companies had to contract in the face of slowing global demand. The manufacturing sector, which has always been one of the strong points of the UK economy, suffered a disproportionate share of this pain, as global markets found themselves with their own problems to deal with and had to cut back on their own orders. It has definitely been a vicious cycle on a global basis, with the UK ultimately not being responsible for causing the problem, but definitely suffering as a result of it.
But with every storm cloud, there’s a silver lining, or something like that. The good news is that after several years of lying dormant, if not absolutely flat on its back, the UK housing market is beginning to show signs of life again. Actually, it has jumped out of bed and is beginning to jog around the neighborhood in style. This is partly due to the government’s wise use of low interest rates to spur investment and what many economists believe is a pent-up demand for housing, which had gone repressed for too long. As a result, there is an increased amount of activity, both in buying and selling, all of which helps the economy regain an even footing.
Buying a House the Smart Way
With all of this increased activity in the housing market, there are obviously a lot of documents and documentation that are exchanging hands. One of the most important ones is that which transfers ownership from one party to the other. Co-Operative conveyancing is a service that everyone should make use of. It not only provides for extremely affordable fees to review all the necessary legal documents, but also comes with some built-in guarantees in case the transaction itself should not take place. In this age of cautious and studious financial planning, this is one item that should not be ignored.
It Can Really Get Expensive
As most people know, or could probably guess, London has the most expensive real estate in the entire country. Not only does this make sense, it should actually be intuitive. What not everyone knows for sure however is where some of the most expensive postal codes and streets in this dynamic capital city are located. As one might expect, some investigations have been made and the results are in. W8 is the most expensive postal code in the country and Kensington Palace Gardens is the most expensive street in the entire land. According to some calculations, it costs as much to buy a piece of property the size of an Apple iPad tablet as the actual device itself. It goes without saying that several other areas around central London also have eye-popping real estate valuations. Among those, Knightsbridge, Chelsea and Notting Hill stand out for being affordable only to the wealthiest purchasers.