Greycoat Real Estate raises its stock as UK rents increase to its highest mark in the month of July
In a recent story covered by Property Industry Eye, Greycoat Real Estate emerges as a prominent force in the real estate market. Inflation has hit the US and just about everywhere in the world with reports of every UK region seeing rent increases in the month of July. Even the cheaper regions have seen increases.
The average rental price in the UK for July is now 1,243 euros. Excluding London, the UK average is 1,037 euros. Scotland has the highest increase out of all regions with the North East of England being the cheapest to rent. According to Greycoat Real Estate specialists, one of the chief executive officers explained how all regions have skyrocketed.
This, in addition to how this could be seen as a concern for both tenants and landlords. This could cause a lot of people to lose their apartments and have to find other means of living. According to the housing specialist, it also does not seem that this will slow down in the future with the current state of the economy and early signs. Greycoat is a real estate firm with over 45 years of experience in London.
The firm takes on all sorts of small and big projects and real estate including lands, offices, residential, retail, and commercial properties. Greycoat Real Estate was founded in 1976 and expanded rapidly since then with 10 key projects since 2012. The company has over 60 assets and developed over 5 million square feet of space. Greycoat Real Estate has properties all across the UK.