As with the rest of the countries in the world, the United Kingdom’s property market is one of the main drivers of the economy.This, despite the slight dip in the country’s gross domestic product (GDP), contracting at 1.6% in the first quarter (Q1) of 2021, per Office for National Statistics.
Overall, the UK property market is projected to be stable in 2021, especially with the continuing COVID-19 vaccinations towards the third (Q3) and fourth (Q4) quarters of 2021.
Despite the economic contraction, UK’s capital London is still the second-best property market prospect in the entire European continent in 2021, next only to Germany’s Berlin—according to the Urban Land Institute.
Ahead, you’ll find out the current market briefs about the UK’s property sector performance and how to invest smartly in the third quarter (Q3).
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