The real estate market of London and on one object have 12 buyers

On the London real estate market, the demand far exceeds the supply. Almost 12 potential buyers for each new residential properties in London. The total number of buyers registered to purchase residential property in London has risen by 50% over the last year. At the same time, the number of new housing coming on the market in London fell last month by 1%, and for the year by 17%. These are joint market research conducted several real estate companies based on information obtained from more than 300 branches.

A similar pattern is observed in the residential property market the UK, albeit on a smaller scale. The number of registered property buyers in the UK grew by 4% in month and 24% per year. And the amount re-paid to the residential market decreased by 2% in a month and 4% a year. Thus, one new property in the UK there are approximately 6 buyers.

The average price of residential property in the UK has increased over the year by 7% and now stands at £204340. In London the average price of residential real estate even fell last month by 2%, but in annual terms it grew by 6% and reached the level of £390355.

Significantly increased the number of property buyers in the UK, for the first time buying a house. They became 46% more per year.

Real estate Agency in the UK is swamped with buying activity, which clearly demonstrates that the desire for home ownership to the UK is very high and continues to grow. This high activity inflates real estate prices and can not be pleasing to potential buyers.

However, to stimulate the real estate market buyers that are second or third time buying a house definitely help the market. Secondary buyers, taking advantage of the active market and proposed government initiative “help to buy”, will try to improve their living conditions. To buy a new apartment in the UK or a house, the buyer will put on the market your old house or apartment. The real estate market will do a lot of affordable housing, which will give the market balance and will help to reduce the acute shortage of housing, so we feel now across the UK.

® Helen Entree. 22. 10. 2013

Real Estate UK. To buy property in London