Bristol and Cambridge are the most popular cities in the UK

Bristol, located in the West Central part of England, became the most popular among buyers of real estate in 2015. Then, according to influential real estate portal Rightmove is the city of Cambridge. Margate saw the highest increase in asking prices in the city and Welwyn Garden City, the properties were sold the fastest. March 2015 was the most active month for the number of viewings of real estate. And the most active day on the market in 2016 appeared Monday, August 8, when potential buyers looked at over 58.6 million pages.

Bristol and Cambridge, after London, the most popular as property buyers and potential tenants. Approximately 14 million queries in these cities during the year.

The city of York has become the third most popular among buyers, and the city Manchester is the third polarity potential tenants UK property. Milton Keynes and reading entered the top ten of popularity as buyers and tenants. Most likely, people try to be close to London but still trying to find affordable housing outside London.

In some cities outside of London for 2015, there was quite a significant price jump over 20% . So, in the seaside town of Marget, in Kent prices for residential property increased by 24.2% to £240631 in the growth of prices in Altrincham in Cheshire was 21.9% and the price has reached the sum of £454258 .

Several towns in Kent have shown excellent price growth at 20%. The average time of sale of a real estate made in England and Wales 62 days. But some of the cities outside London scored. So, the real estate in the city of Welwyn Garden City sold for an average of 25 days. The East of England dominated in the speed of sale of real estate, in the East also recorded the fastest growth of prices.

Thus, 2015 was marked by the wave effect of the distribution of price growth from London to the East and South-East of England. This is evident as the demand for real estate and speed of sales and price growth.

In 2015, contrary to tradition, the most active month was not January, but March. In the same year, the market will definitely be influenced by the introduction in April 2016 of the increased rates of Stamp duty for buyers of second property and investors.

In connection with the further rise in prices and shortage of housing for sale, people will continue to move out of London in pursuit of more affordable options, which in turn, will boost further growth in housing prices outside of London.

® Alice Morgan. G. 03.01.2016

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