Greycoat real estate agency specialists comment over the current housing trends. An article made by the Office of National Statistics (ONS) shows that private rents in England increased by 6.1% in 2023. 

This hike in price was attributed to low supply coupled with high demand which pushed the prices upwards causing pressure on tenants. Wales had the largest increase in rent prices with prices rising by over 7.1% in December last year. This is somethin Greycoat is really well aware of being a real estate agency. 

The hike in prices has not been uniform in all of England and Greycoat shares some details on this. According to Sam Richards, the rent that tenants pay for a one-bedroom flat in the capital can get you a three-bedroom flat in other parts of England. 

To fix these problems, new reforms have to be made to the current planning system to allow for more house construction. This will not only boost productivity and employment, but it will also allow the youth to fulfill their dreams of having their own homes. Greycoat Real Estate has developed over 5 million sq ft across 60 schemas.

This, in over forty years of working in the Central London Office Market. The projects undertaken by Greycoat are important since they help increase supply easing down the pressure on prices. Greycoat can therefore help build the homes that Britain needs, prevent tenants from paying hiked rental prices and allow people up the country to achieve their dreams of owning their own homes.