The best demand for property in England – at Cambridge, Watford, Bristol and reading

Onlay estate Agency eMoov has presented its report the hot spots in the UK, where residential property enjoys the greatest demand.

EMoov index represents the ratio of sold properties to for sale.

Nine of the ten most popular and sought after areas are in London. Leading South – West London, where the index showed 67%. The previous leader of the ranking – district of Bexley London fell six spots to 62%.

Among the cities outside of London best indicator eMoove in Cambridge is 66%, in Watford – 64%, in Bristol and reading – 63%, in Guilford – 59% in Welsberg 57% in Havering – 57% and Hillingdon – 56%.

Some areas of London have seen a serious drop in demand, in the heart of London the index of the record demand saw a drop of 32%, falling 11% from December 2014.

The surprise was the low rate of demand in the area of Nine Elms, the lowest rate in the UK is 12%. The district expects good prospects in connection with the expansion of the Northern branch of the London underground.

In all likelihood, the sellers have overestimated the properties in this area and the plummeting asking prices repel potential buyers.

Good demand for flats and houses in England are still observed in towns surrounding London. But the best improvement of demand shown in cities located in the North-West of London.

In Sefton the demand since December 2014 has increased by 80% in Huddersfield – by 56% in Trafford – 24%, the Bretford – 23%, in Bolton – by 21% and Warrington – 19%.

Quite the opposite picture in the North East of England , where the largest number of cities with the worst real estate demand.

So London, although is still the most desirable city for buyers and investors in England, gradually losing ground, especially in places with expensive real estate in Central and West London. The interest of buyers and shifted to other cities in the UK, where prices have not grown after the crisis of 2008 and which is only beginning to reflect improvement in the economy and in the labour market.

® Helen Entree. 31.03.2015

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