In 2015 it is expected a stabilization of home prices England

Average price of property in the UK fell by 0, 4% in December 2014, but at the end of 2014, price growth was 8.2%.

This means that the average unit price of residential property in the UK – £205150 , according to data provided by the independent estate Agency Haart.

In London, traditionally the picture is different from the rest of the UK more powerful movement of the market. Prices in December 2014 fell in London to 0.2% and for the year price growth was 11.4% . The average price of residential property in London reached £482746 .

The data presented in the report also show that the amount of issued mortgage loans for the purchase of a first home increased in 2014 by 12% to £133872 .

2014 demonstrated a good balance of supply and demand, when each new object of real estate for sale, there were 11 potential buyers. For London for each object were registered, an average of 20 buyers.

At the end of the year the situation with the availability of affordable new housing, which were put up for sale, much improved and there is every reason to believe that in 2015 there will be stabilization of prices.

A positive factor for price growth will be more and that more or less worked out a new scheme for mortgage lending and the process of allocation of credits will go more smoothly. Stabilization of prices will reassure those who began to seriously fear a bubble in the housing market of London and feared to make a deal in 2014.

In the sector of lower and middle sector of home buyers will be encouraged introduced in December 2014 a new scale of Stamp duty, when the average buyer will save £828 pounds . These tools are very useful when moving into a new house.

® Alice Morgan. On 22.01.2015

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