Association of chartered surveyors published the latest report, according to which activity in the housing market in the UK returned to normal after a little braking, which arose in connection with the introduction of the rules of mortgage lending. In may 2014, the market was back in line with the positive dynamics after a 15% fall in April.
Particularly noticeable improvements in the market for first-time buyers bought their homes. Among these buyers, the number of transactions increased by 9% in may compared to April, slightly higher than the market average.
Thus, the new rules of mortgage lending have had little impact on the housing market in the UK.
Good indicators on the real estate market among buyers “first time” in contrast with other buyers of market activity is not so high. Activity among buyers who already have their homes and want to improve their housing conditions, increased in may 2014 by only 1% compared to April.
The overall trend in the markets of England – an acute shortage of housing. Although prices gradually rise, many homeowners prefer to stay in your current home. Many families haven’t regained their financial situation after the crisis of 2008. Optimism returns to the market slowly.
The improvement of the economic situation in the UK, which is observed this year will be the beginning of a broad economic recovery, which, in turn, will give hope to every person dreaming of their own homes.
The level of activity in the market “buy-to-let” ( buy to rent) decreased slightly by 1% compared to April 2014, however, the overall level of activity of buyers for the delivery of the UK property to rent is 11% higher than a year ago in may 2013. In the last year, the sector showed very good growth rates. Now the market finds a balance between supply and demand and comes in a balance.
® Helen Antre 20.06.2014.
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