Main real estate portal in the UK confirms the unusual market activity

New real estate sellers in the UK pushed property prices up, each time requesting a higher price for your property. Thus, average asking prices rose by 3.3% or £8103 pounds in the last month. These are the latest figures from real estate Agency Rightmove.

Today, the average price received in the housing market £251964, which is about 6.9%, or £16223 more than a year ago. In 2013 the growth rate of property prices in the UK were the highest in the last six years.

The real estate portal Rightmove also reports that newly comes to the market real estate prices are now 18% higher than a year ago. And since the market still acute shortage of proposals, that is, there is an imbalance of supply and demand, items are sold fairly quickly.

Win in the market of smart buyers who have the liquidity and ready for a quick transaction. Buyers burdened with selling their property or obtaining a mortgage to raise funds to purchase, forced to lose in the competition in the market.

On an incredibly active market is also evidenced by the fact that in January was the first to overcome the turn-of-browsing – 50 million pages in one day.

The jump was noticeable in February. Since the existence of the Rightmove website in 2001, it was the storm of February as the pace of growth in property prices.

Weekly on the website appears 27768 new ad, which is 18% higher than a year ago, when weekly appeared around 23607 new ads.

The lack of new proposals is especially noticeable in the South of the UK and in London. Moreover, even a substantial increase in the supply will not be able to solve the problem of lack of property, as demand will still exceed revenues in 2014. All market indicators show that in 2014 the number of transactions in the property market in the UK will be significantly higher than in 2013.

® Maxim Savitsky on 19.03.2014.

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