The requested property prices in England are rising again

Inspired by the positive dynamics of prices in the real estate market in the UK last year, sellers of real estate again begin to raise prices, especially in London and the South East of England.

As shows the latest index from property portal Home.co.uk, asking prices for residential property in England and Wales rose 0.8 percent last month. But if measured in annual terms, the growth rate of prices slowed down. Ago price statistics drawn luxury properties in London, which continues to fall in price.

Asking prices in February also confirm that property prices are rising in East Anglia and West Midlands. Optimism is also present after the referendum and on the market in Scotland, where prices last month jumped by 1.9%.

Not all regions, however, asking prices for property in England so optimistic. Prices remained static in the East Midlands, from Wales and the North West. While in the North-East they fell by 0.9% last month.

The average time of sales in the market is now 125 days, which is 18 days less than a year ago, despite the fact that there is a significant splex supply the new homes market in the UK. In January 2015, the market received 19% more property than in January 2014.

Most deployed large-scale construction projects in London, which increased the amount of new housing coming onto the real estate market of London, at 51%. Next comes South-East England, where the market received 28% of the new housing, then Scotland with 19% and East of England with the growth of new buildings in 18%.

It is obvious that the rate of supply of property that take place in London, can lead to the fact that supply will exceed demand and prices for residential property in London will fall. It is possible that in late 2015 or early 2016 we may be witnessing a decline in property prices in London not only in the sector of luxury housing, but also in greater London, where most of the real estate economy class.

The best prospects for growth in property prices in England are in the East of England, East Midlands, South-West, West Midlands and perhaps in Ayrshire.

These regions still have not recovered after crisis and prices are almost up

® Helen Entree. 17.02.2015 G.

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MONTPELIER MEWS, KNIGHTSBRIDGE SW7 – £9,500,000

THE BELVEDERE, CHELSEA HARBOUR SW10

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BERNERS STREET, FITZROVIA W1T – £1,995,000

FITZJAMES AVENUE, WEST KENSINGTON W14 – £ 2,300,000

IMPERIAL CRESCENT, IMPERIAL WHARF SW6 – £ 4,550,000

THE KNIGHTSBRIDGE, LONDON SW7 – £ 2,950,000

HANS COURT, HANS ROAD SW3 – £ 13,950,000

PARKSIDE, 28-56 KNIGHTSBRIDGE SW1X – £ 6,995,000

KENSINGTON SQUARE, KENSINGTON W8 – £ 7,000,000