The real estate market in the UK surpassed London over the rising prices

The real estate market in the UK the number of new registered buyers were up 21% for the year, and the number of new housing increased by only 2% over the same period.

This situation is reflected in the price growth for real estate prices in the UK increased by 1%, and the year – by 8%, reaching average values of £175728.

Slowed down the rampant growth of prices in the property market of London. The number of applicants for the new housing market in London grew by 19% over the year, and the number of newly registered buyers , in contrast, declined by 14% in a month. Today in every house in London was 11 new customers . For comparison , a month ago they were 14, and in the beginning of 2014 25. Cooling excessive demand on the real estate market of London is very positive impact on the market, sellers have become more flexible on prices and the market is now very favorable for buyers compared to the spring period. So, on a monthly basis, property prices almost not increased, but the price increase is more than significant – 21%. Today the average cost of residential property in London has reached £457833 pound.

For the rest of the UK, outside London, the demand for residential property is much weaker. But still the demand outstrips supply. On one property in the UK was now 6 buyers. The activity of buyers has an influence on the number of transactions, which recorded a 10% increase.

With the introduction of the new mortgage rules a bit – 5 % decrease in the volume of loans compared with last year, which is more of a technical hitch. The activity in the market of mortgage loans is very high and the appetite of buyers is strong throughout the UK.

® Alice Morgan 07. 08. 2014