The property market in England and Wales will be a very tense spring

January 2014. is not yet over, and the first days of the week of January showed a strong start to the property market in England and Wales, where asking prices increased on average by 1% in just two weeks. These data provided the largest real estate portal Rightmove.

All indications of a strong market with the appearance on the market of new sellers, who were inspired by the optimistic expectations of positive developments in the market – increase in prices and number of transactions.

During the first two weeks of January – the two main component of the site traffic and email traffic for requests to the agents beat all records, an increase compared to, for example, with the year 2013 by 20%.

Another indicator of strong demand – in 58 companies in the industry there is the lowest stock of property for sale since 2007.

The real estate professionals in the UK usually look forward to early statistics, as it often reflects the shape of the future market development in the new year.

A strong start in real estate prices and the number of new sellers and leaves the confidence that many people this year will be able to solve their accumulated housing problems and move to a new home.

But, under the influence of strong demand and the ability of buyers to obtain mortgage loans on favorable terms, buyers will not be much to haggle and prices will rise. The activity of Rightmove is a reliable barometer of demand and intentions of buyers and sellers.

Another important indicator of the increasing interest of people to real estate – an increase in the number of people that use to access the website different kind of mobile devices – phones and tablets. The number of such people increased by 40 %. Buyers became more interested in the relevance of real estate for sale and for more speed they use for information any mobile device that was at hand.

Thus, the Rightmove index has promised us a busy year for buyers with large deficits of real estate and high price growth potential. Those potential buyers of real estate in the UK, who was planning to move in 2014 into their new home, Rightmove. we strongly recommend that you do this sooner rather than later. All signals point to a very intense spring and the increasing shortage of properties on the market.

® Alice Morgan G. 21.01.2014

UK Real Estate

Property investment London