Many can’t believe what is happening! Is of the UK property market started to slow down?
Official data for September 2014 show that the rates a little – 0.2% declined in September across the UK, but the London property market, a decline of 0.7%. This is the first major price reduction in two years, after a steady consistent growth. In August, prices in London increased by 2, 4 % , and in July by 2.6 % . Prices sank and in 7 of 10 regions of England and Wales.
Average price of property in England and Wales fell in September by 0.2 % to Land registry information for England and Wales, value £177299 .
In the counties Yorkshire and the Humber in September was the biggest drop in the price of 2, 2% . Small growth rates showed only in three regions of England and Wales in the East, the South West and in Wales , probably just for a month behind the main trends in the country.
Separated city Redcar and Cleveland, experienced in September, the strongest monthly growth in housing prices is 2.8 % .
These figures do not alter the overall upward annual trend in property prices in England and Wales. Prices reached a peak of growth in August to 8.3% . Taking into account September’s adjustments, the price increase since the beginning of the year was 7.6 % .

Specifically, the cooling of the real estate market in September is a positive process which allows us to hope that it will be possible to avoid a bubble and to normalize the healthy balance of supply and demand. The growth in property prices in London reached 18.4 % . And now the average price of property in London – £460521 pound, a figure twice the national average price.
London real estate company Foxton complains of lower fees in the third quarter of 2014, 7.8 % in connection with decrease in the total number of transactions. However, Foxton could earn £16,4 million in the third quarter of 2014.
The main reason for the decline in price growth in London analysts believe the populist talk about the introduction of a “mansion tax”. However, there are a number of reasons for the decrease in pressure on the real estate market of the London from buyers for the last few months significantly increased the number placed on the market of new real estate.
Published last week a report from online real estate portal Rigthtmove stated that the city of Luton, England, ( West One in Luton) , ( Investment in student housing. Luton and Richmond.) Brighton and Southamtpon in the next five years will be the most hot spots and the epicenter of growth in home prices. This is due to the fact that the capital investors begin to flow from London to other English towns, where well-developed infrastructure and at the same time prices have not yet reached such heights. In addition, in all of these cities have excellent educational institutions that always is the basis of rising prices and increased investor interest.
® Helen Antre 31.10. 2014
Our company offers to invest in real estate of Luton – one of the most promising cities in the UK for the next 5 years:
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Investment in student housing. Luton and Richmond.
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