Property in England is more expensive in the background of the recovery of the UK economy

Prices for residential property in the UK in cities increased faster than in rural areas over the past year, according to a recent study real estate Agency from PrimeLocation. The average asking price for residential property in England’s cities grew 12.9% over the past 12 months, meanwhile in the countryside the requested increase in property prices was 8.3% for the same period.

Currently, the average price of a home in England in a rural location is £304620 pounds, which is £36470 pounds or 11% below the average cost of a house on the real estate market in England, which costs about £341090 pounds.

The highest growth of prices for suburban real estate in 2013 was marked last year in the North West of England where the asking price for a property has increased to as much as 17.5%. However, not all regions of England were recorded such strong growth. Ego-East, where property prices in the UK are now the highest after London, demonstrated a very modest growth of suburban real estate 2.7% since January 2013.

City real estate in the South-East of England rose by a substantial 10.8% in 2013 compared to the previous year.

The main impetus for the growth of prices for residential property in England’s cities gave positive steps in the economy. In the cities of England the economic recovery has led to an increase in the number of jobs, which, respectively, allowed people more interested in real estate. Demand began to impact on prices.

However, the growth in property prices in the cities of England gives a fan effect on prices outside the city. Buyers, for whom real estate in the city seems too expensive, you start to look for more affordable options, though, smooth, but also pushes the price of farm real estate up. However, market analysis indicates that the purchase of real estate in England, it is better to make now, if such a possibility exists, since the prices of any property in England in the mid-term will only grow.

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