Only the supply of new homes will save the London real estate market from rising prices

Limited supply of new facilities on the residential property market of London, and the imminent tightening of criteria for mortgage lending could significantly deter a resurgent real estate market of London.

According to data provided by real estate Agency Chestertons, the demand for London real estate market still outstripping supply in the rental sector, and in sales. Despite the mood of uncertainty before the election, over the past three months the demand for new homes in London in the first months of the year remained high.

The secondary Prime Central London rose in price by 0.7% in the first quarter of 2015, but this was the first increase since Q1 2014. Canary Wharf ahead of the Central London saw the average price increase at 1.4%.

The outcome of the elections in favor of conservatives inspired real estate companies, investors and homeowners. Demand for property in London in the first week immediately after the election is increased by 15%. However, the first priority an increase in construction. The government at local levels should ensure the allocation of land and the removal of bureaucratic barriers in the planning and obtaining permits.

Under very favorable tax, political and economic regime that exists today throughout the UK, the only solution to the problem of supplying new housing to meet increased demand and provide stable prices.

® Helen Entree. 28.05.2015

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