Real estate in the United Kingdom

Economics of British land and property

Real estate is a significant feature of the economy of the United Kingdom, and regulated according to Scottish and English land law. The real estate market in the United Kingdom is the largest or second-largest in Europe (after Germany) depending on the method of measurement.[1][2] The commercial real estate market in the UK has a market size of around 250billion euros.[1] Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5.1trillion (2014).[3] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20billion in UK real estate in 2012.[4][needs update]

## Chinese interest

[edit]

For a few years, Chinese developers and investors more and more have seen that the UK government gives support and encouragement to these projects, making London seem like the ideal area when looking at European markets for higher returns and strong growth. Hoping to aim for the desire and need of being seen as a hub for diversification and safety in the eyes of its investors, which is a successful venture considering its political and economic stability. Elections and other political events that occur regularly have a small impact on the legal system. After the UK accepted seven different Chinese banks, the government was eager to show their support by being the first outside of China to issue Renminbi Bonds and reflect the commitment of Chinese investors to the UK market. International standards, of which the Chinese have a thirst for knowledge, and a strong growth profile are also key attractions of the UK market.[5]

The Brexit referendum and the corresponding fall in the value of the pound has given new impetus to Chinese buyers of British property. Growth in enquiries into UK property have jumped 60% over the prior 12 months.[6] In related research, The Times found that more than 93 per cent of flats in one of Manchester's biggest housing developments have been bought by foreign residents or companies registered overseas.[7][8]

## Online real estate market

[edit]

UK has a booming online real estate market which is dominated by portals which list properties for buyers and sellers and work with agents, charging them for their inventory. While the online real estate landscape has been changing over the years, new models have been introduced which focus on a freemium approach, not charging agents anything for listings but making money from selling add-ons and leads.

Moreover, UK's real estate portals are pushing the boundaries by adapting to the latest technological advances. Virtual reality, which is more prominent in video games, was accommodated by real estate listing portals to highlight the possibility of touring properties remotely. Furthermore, UK real estate developers even started to allow customers to walk-through apartments even before they are built.[9]

Waltham Forest in London and Bridgend, Wales, both saw properties selling in an average of 24 days, the second-highest rate reported. However, the country's East and West Midlands regions had the greatest number of the U.K.’s fastest-moving real estate markets.

## See also

[edit]

* English land law
* Housing in the United Kingdom

## References

[edit]

1. ^ a b "Are we there yet? Overview of the European real estate markets" (PDF). JP Morgan. Retrieved 24 March 2013.
2. ^ "Global Real Estate Q3 2012" (PDF). Standard Life Investments. Retrieved 24 March 2013.
3. ^ "National Balance Sheet – Office for National Statistics". Government of the United Kingdom. Retrieved 30 August 2017.
4. ^ "UK real estate predictions 2013" (PDF). Deloitte. Retrieved 24 March 2013.
5. ^ Bryan Pickup, "Unlcoking the Asian Century", International Law Office, 11 July 2014
6. ^ Vaswani, Karishma. "Brexit not deterring Asian investors from UK property market". BBC. Retrieved 3 May 2017.
7. ^ Ellson, Andrew. "Foreigners dominate market for new homes". The Times. Retrieved 3 May 2017.
8. ^ Johnson, Ben. "Brexit House Price Tracker". Brexit House Price Tracker. Retrieved 14 September 2017.
9. ^ Radford, Ivan. "The UK's first development with virtual show apartments?". TheMoveChannel.com. Retrieved 31 August 2016.

* v
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* e

Real estate in the United Kingdom

* Affordability of housing
* Real estate
* Economy of the United Kingdom
* Estate agent
* Land agent
* Property retailer

Companies|

| Developers, Owners
and Investors|

* Allied London
* Ballymore Group
* Banks Group
* Brent Walker
* Bruntwood
* Cain International
* Canary Wharf Group
* Capital & Counties Properties
* Capital & Centric
* CLS Holdings
* Coin Street Community Builders
* CPC Group
* Daejan Holdings
* Delancey
* Derwent London
* Galliard Homes
* Grainger
* Harworth Group
* Heron International
* IWG
* IQ
* JTRE London
* Lexi Holdings
* London & Continental Railways
* London Central Portfolio
* London & Associated Properties
* London & Regional Properties
* MEPC
* Minerva
* Moda Living
* Mount Anvil
* Opal Property Group
* Peel Group
* Quintain
* Sellar Property Group
* Shaftesbury Capital (Shaftesbury plc)
* Soho Estates
* Span Developments
* St Martins Property Group
* St Modwen Properties
* Stanhope
* Targetfollow
* Trafalgar House
* West Properties

|

House
Builders|

* Barratt Redrow
* Bellway
* Berkeley
* Bloor
* Boot
* Cala Homes
* Crest Nicholson
* Gleeson
* Keepmoat
* Lendlease
* McCarthy & Stone
* Miller
* Muir
* Persimmon (Charles Church)
* Retirement Villages
* Taylor Wimpey
* George Wimpey
* Taylor Woodrow
* Telford
* United House
* Untypical
* Vistry (Countryside)

Property
Services|

* Bidwells
* BNP Paribas Real Estate
* Strutt & Parker
* Carter Jonas
* CBRE Group
* Chestertons
* Cluttons
* Colliers International
* Connells Group
* Countrywide
* Cushman & Wakefield
* DTZ
* Cyril Leonard
* Deloitte Real Estate
* EC Harris
* Foxtons
* Hamptons
* Harrods Estates
* Humberts
* JLL
* King Sturge
* John D Wood & Co.
* Knight Frank
* LSL Property Services
* Nathaniel Lichfield & Partners
* Newmark Group (Gerald Eve)
* Purplebricks
* RH & RW Clutton
* Savills
* Smiths Gore
* Spicerhaart
* The Modern House
* Winkworth

Property
Portals|

* Globrix
* Nestoria
* Nuroa
* OnTheMarket
* OpenRent
* Rightmove
* StuRents.com
* WhatHouse?
* Zoopla
* Primelocation
* FindaProperty
* UK Property Shop

Real Estate
Investment
Trusts|

* Assura
* Big Yellow Group
* British Land
* Derwent London
* Great Portland Estates
* Hammerson
* Hansteen Holdings
* Intu
* Landsec
* London & Stamford Property
* LXi
* NewRiver
* Primary Health Properties
* Redefine International
* Safestore
* Segro
* Tritax Big Box
* Tritax EuroBox
* Unite
* Workspace Group

Privately Owned
Estates in London|

* Bedford Estate
* Cadogan Estates
* Grosvenor Group
* Howard de Walden Estate
* Langham Estate
* Pettiward Estate
* Portman Estate

Industry
Bodies|

* G15
* British Property Federation
* Building Research Establishment
* Institute of Workplace and Facilities Management
* National Association of Estate Agents
* National House Building Council
* Royal Institute of British Architects
* Royal Institution of Chartered Surveyors

Law and
Regulation|

* Assured shorthold tenancy
* Authorised Conveyancing Practitioners Board
* Building regulations in the United Kingdom
* Council for Licensed Conveyancers
* Land tenure in England
* Land Registry
* The Property Ombudsman
* Right to buy
* Right to Manage
* Short Assured Tenancy (Scotland)
* Tenancy Deposit Scheme (England and Wales)
* Tenancy deposit schemes (Scotland)

Other|

* British Railways Property Board
* Crown Estate
* Estates Gazette
* LandlordZONE
* Property Week
* Public estate in the United Kingdom
* UK mortgage terminology

Category

* v
* t
* e

Real estate

* Property
* Tertiary sector of the economy

By location|

* Bangladesh
* Canada
* China
* Indonesia
* Italy
* Turkey
* Kenya
* Pakistan
* Panama
* Puerto Rico
* Russia
* Saudi Arabia
* United Arab Emirates
* United Kingdom

Types|

* Commercial property
* Commercial building
* Corporate Real Estate
* Extraterrestrial real estate
* International real estate
* Lease administration
* Niche real estate
* Garden real estate
* Healthcare real estate
* Vacation property
* Arable land
* Golf property
* Luxury real estate
* Off-plan property
* Private equity real estate
* Real estate owned
* Residential property

Sectors|

* Property management
* Real estate development
* Real estate investing
* Real estate flipping
* Relocation

Law and regulation|

* Adverse possession
* Chain of title
* Closing
* Concurrent estate
* Conditional sale
* Conveyancing
* Deed
* Eminent domain
* Encumbrance
* Foreclosure
* Just cause eviction
* Land law
* Land registration
* Leasehold estate
* Lease
* Property abstract
* Real estate transaction
* Real estate contract
* Real property
* Rent regulation
* Severance
* Torrens title
* Zoning

Economics, financing
and valuation|

* Asset-based lending
* Capitalization rate
* Cash out refinancing
* Effective gross income
* Gross rent multiplier
* Hard money loan
* Highest and best use
* Home equity
* Home equity investments
* Home equity loan
* Home equity line of credit
* Investment rating for real estate
* Mortgage insurance
* Mortgage loan
* Negative equity
* Real estate derivative
* Real estate economics
* Real estate bubble
* Real estate valuation
* Remortgage
* Rental value
* Reverse mortgage

Parties|

* Appraiser
* Buyer agent
* Buyer broker
* Chartered Surveyor
* Exclusive buyer agent
* Land banking
* Landlord
* Moving company
* Property manager
* Real estate broker
* Real estate investment club
* Real estate investment trust
* Real property administrator
* Tenant

Other|

* Companies
* Eviction
* Filtering
* Gentrification
* Graduate real estate education
* Green belt
* Indices
* Industry trade groups
* Investment firms
* Land banking
* People
* Property cycle
* Real estate trends
* Undergraduate real estate programs
* Urban decay
* Urban planning
* List of housing markets by real estate prices

* Category
* Commons
* List of topics

* v
* t
* e

Economy of the United Kingdom

Companies|

* Co-operatives
* Employee-owned companies
* FTSE 100 Index
* FTSE 250 Index
* FTSE Fledgling Index
* FTSE SmallCap Index
* Government-owned companies

Currency,
governance,
regulation|

* Bank of England
* Governor of the Bank of England
* Monetary Policy Committee
* Budget
* Company law
* Competition and Markets Authority
* Department for Business and Trade
* Financial Conduct Authority
* Gilts
* HM Revenue & Customs
* HM Treasury
* Chancellor of the Exchequer
* Debt Management Office
* Office for Budget Responsibility
* Pound sterling
* Banknotes
* Coinage
* Taxation
* UK Statistics Authority
* UK Trade & Investment

History|

| Chronological|

* 1659–1849 Navigation Acts
* Agricultural Revolution
* Industrial Revolution
* Financial Revolution
* Panic of 1796–97
* 1815–46 Corn Laws
* New Imperialism 1830s–1945
* Second Industrial Revolution 1860s–1914
* 1873–79 Long Depression
* 1926 general strike
* 1929–39 Great Depression
* 1948–52 Marshall Plan
* 1974 Three-Day Week
* 1979 Winter of Discontent
* 1986 Big Bang
* 1992 Black Wednesday
* Late-2000s recession
* 2008 bank rescue package
* 2009 bank rescue package
* 2020 Withdrawal from the European Union (Growth deal)
* COVID-19 pandemic
* Impact
* Cost-of-living crisis

|

Recurrent|

* Economic geography
* Free trade
* Gold standard
* Recessions and recoveries
* National champions policy
* Economic liberalism
* Privatisation
* Nationalisation

Nations,
regions,
cities|

| England|

* Atlantic Gateway
* Birmingham
* Big City Plan
* Bristol
* Cornwall
* Croydon
* Devon
* Dorset
* Expansion plans for Milton Keynes
* Fishing
* Leeds
* List of counties by GDP
* List of counties by GVA
* Liverpool
* London
* East London Tech City
* London Plan
* M4 corridor
* M11 Corridor
* Manchester
* Reading
* Sheffield
* Silicon Fen
* Somerset
* Thames Gateway
* Tourism
* Transport
* Wiltshire

|

Northern
Ireland|

* Belfast
* Transport

Scotland|

* Aberdeen
* Agriculture
* Edinburgh
* Industrialisation
* Fishing
* History
* Oil and gas
* Renewable energy
* Silicon Glen
* Tourism
* Transport
* Whisky

Wales|

* Agriculture
* Cardiff (Cardiff Bay)
* Fishing
* History
* Industrialisation
* Renewable energy
* Swansea
* Tourism
* Transport

People
and labour|

* Billionaires
* Businesspeople
* Demography
* Income
* Poverty
* Labour law
* Equal opportunities
* Minimum wage
* Working Time Directive
* Pensions
* Trades unions
* Trades Union Congress
* Unemployment

Sectors|

| Resource and
production|

* Energy/Renewable energy
* Biodiesel
* Coal
* Geothermal
* Fracking
* Hydroelectricity
* Marine
* North Sea oil
* Solar
* Wind
* Food
* Agriculture
* Cider
* Dairy
* Wine
* Beer
* Fishing
* English
* Scottish
* Welsh
* Materials
* Forestry
* Mining
* Steel

|

Financial
services|

* Baltic Exchange
* Banking
* History
* List of banks
* List of UK building societies
* Canary Wharf
* The City
* Euronext.liffe
* Glasgow International Financial Services District
* Insurance
* Lloyd's of London
* LCH
* London Interbank Offered Rate
* London Metal Exchange
* London Platinum and Palladium Market
* London Stock Exchange
* Alternative Investment Market

Other|

* Education
* International students
* Entertainment & Media
* Cinema
* Gambling
* Newspapers
* Radio
* Television
* Theatre
* Healthcare
* Legal services
* Manufacturing
* Aerospace
* Automotive
* Pharmaceuticals
* Exports
* Property
* Architecture
* Construction
* Housing
* Real estate
* Science and technology
* Internet
* Telecommunications
* Supermarkets
* Tourism
* Transport
* Aviation
* Rail
* Inter-city
* High-speed

Trade and
business
organisations|

* Business organisations
* British Bankers' Association
* British Chambers of Commerce
* Confederation of British Industry
* Co-operatives UK
* Federation of Small Businesses
* Industry trade groups
* Institute of Directors
* Make UK
* UK Payments Administration

* Category
* Commons

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