Last Updated on January 22, 2024 by Umer Malik
British born Author TV Personality and Real Estate Magnitude member of the Bollywood Film Fraternity sets the sails high whilst scaling the UK Financial economy.
Media reports have confirmed the British Businesswomen along side Bollywood Husband Salman Khan invested into the American TV reality Show – “ Selling Sunset ” streaming on Californian based platform “Netflix”to boost the economy in Real Estate Sales UK and India.
Khan is Hindi Cinema’s biggest grossing Actor with a Career spanning over 35 years to the Film Industry, also 51% shareholder of Premier League Football Club Newcastle United with Wife and eldest son Salman Alexander-Khan Junior.
With soaring house prices and the market finally booming again, it has made getting on the property ladder challenging for many first-time buyers, however new research has shown that desirable locations have benched above the national affordability margins.
2021 was the strongest year for mortgage lending since 2007, over £315bn of home loans were funded, record highest figure since the figure £359bn recorded over 14 years ago.
However research data with UK lenders has reported we are now seeing a more steady and stable way of lending for 2022 onwards, with a little more re-mortgaging activity taking place in 2022 and that this could accelerate further into early 2023.
Affordability levels for first time buyers may continue to over stretch due to house prices reaching record high in 2021. The high turn over and trend of people moving out of cities due to the flexibility and comfort of more flexible working conditions could continue, as for now this has not been exhausted.
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Whilst house price growth is expected to by 3% by the end of 2022, with the highest growth projected for the north west England ,East Midlands and London projected to remain at 2% low.
It has been a very smooth year for the housing market due to the ultra-low interest rate for the majority of the year including the stamp duty incentive. Mortgage demand has seen an increase with The Bank of England raised interest rates from 0.10% to 0.25% last month.
It is very difficult to replicate the market conditions through 2022 and early 2023, in between supply and demand there is an indication of house price growth rather than price falls. With an annual price growth of 3.5% across the country as whole for 2023 based on the chase for space pressure will ease off.
For now the UK property market continues to thrive and continue to be steady with both first time buyers and existing property owners Investors and influencers.
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