The recovery of the UK property market is in full swing

The average number of homes sold in the UK in the first quarter of 2014 rose to its highest level in six years, thus confirming that the recovery of the property market in the UK is in full swing.

The latest data were published by the Royal Institute of Appraisers, from which it follows that the signs of recovery in the property market in the UK is already evident across the country.

The monthly number of transactions in the residential property market in the UK has now reached the largest value since February 2008.

Meanwhile, despite market activity, and encouraging data on the number of transactions, in all areas where there was stagnation, the market continues to experience a significant shortage of new homes for sale.

Projections that in March the market will be a lot of new homes in many areas is not justified and acute shortage of good properties for sale are typical for the vast majority of UK regions.

Accordingly, on a background of increased customer activity and the absence of new proposals, real estate prices continue to creep up.

Looking ahead, it should be noted that most Royal of the Evaluators continue to believe that prices on the background of an imbalance of supply and demand in the market will continue its growth. Moreover, ahead of the summer months – one of the busiest periods in the property market.

Now, when buyers were convinced of the availability of numerous mortgage offers across the country and various government programs, allowing even families with the lowest income to become the owner of their own homes, across the country began the boom of real estate purchases and transfers.

The main problem of the market remains a shortage of new homes. Until then, until the construction company will not be able to saturate the market with new houses, property prices in the UK will continue to grow and buyers in the lower price range will become harder to become owners of their own home.

Residential property in the UK the upper price segment, as before, is experiencing great interest from foreign investors, and by all indications, in the next 5 – 7 years there is no reason to reduce that interest.

® Maxim Savitsky. 10.04.2014 g.

 Altitude

AVENU

Battersea Reach

Boatyard

Canning Town

Goodman’s Fields