Greycoat Real Estate Agency has helped numerous clients navigate large and complex real estate projects for over 45 years. The company boasts a team of experts experienced in the legal, finance, and real estate sectors.

Based on the 2023 RICS United Kingdom Residential Survey, which was conducted in December, the real estate industry has seen a significant increase in activity compared to previous months. For example, Greycoat adds, new buyer inquiries have improved from -13% in November 2023 to -3% in December. 

This marks a record improvement as new buyer inquiries have consistently increased over the past four months, bringing the new buyer statistics to a neutrality level of 5% from -5%. Furthermore, there has been a rise in property sales in the last few months and a considerable increase in tenant demand in the lettings market over the past month. For Greycoat, this is a whole new unprecedented trend.

The rise in property sale activity can be attributed to a few factors. Firstly, the Greycoat agency informs, the duration of the property sales process has decreased from 20 weeks to 18 weeks in recent months. Additionally, lenders have significantly lowered mortgage rates (Mingtiandi).

Greycoat has been successful in helping clients manage and invest in real estate projects worth £1.3 billion since 2012. With the current trends in the real estate market, Greycoat will likely continue to achieve even better results. This is due to the fact that more clients are showing interest in investing in the residential and industrial sectors, considering the decrease in property prices and mortgage rates.