Demand for property in the UK is at an 11-year maximum. The number of potential buyers registered for each Department real estate agencies, according to information provided by the Association of real Estate Agencies in the UK, to 439 in June of 2015, at that time, as the number of properties that are intended and free sale, continues to decrease across the UK. This is the highest level of demand for housing, since 2004. In June the number of registered buyers has increased by 15% compared to may 2015, when it was noted 383 potential buyer in every branch. The number of real estate, for sale, on the contrary, decreased from 46 objects on each branch to 44. The numbers speak for themselves – the gap between demand and supply in the real estate market continues to grow.
After the General elections to the British Parliament in may 2015, the UK economy has come a certainty. Buyers are postponing a purchase, he rushed to look for my own place. In addition, interest from buyers are pushing the rumors about the interest rate increase by the Bank of England, which can occur in either fall 2015 or early 2016. Buyers rush to get a mortgage at a fixed rate, without waiting for the increase.
However, the growing gap between supply and demand on the market is not good news. If the situation is not normal and the market will not enter a new number of objects will inevitably begin to increase prices, and this will further complicate the already difficult market situation in the sector of affordable housing.
Thus, only the execution of the conservatives his campaign promises – namely, the supply of new housing on the market will help to solve the most urgent tasks in the industry of residential property in the UK.
® Maxim Savitsky G. 24.07.2015
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