The real estate market in the UK grew by 7.6% for the year

For new houses and flats in the UK sellers are requesting is already an average of £303190. Company Rightmove. he shared his analysis of the market of real estate of great Britain, according to which for a month the prices of houses and flats in England and Wales rose 1.3% and the year – by 7.6% and exceeded £300000.

Good demand for property in the UK has led to the fact that the asking price has increased by 50% in 10 years from 2006 , but in absolute terms is over £100,000 .

The increase in average price by 1.3% a rise in prices in March 2016 3903. This is the second such price hike since 2008, and 6 out of 10 regions property prices are stuck at record heights.

Property in London is no longer the fastest growing in price. The average price of London real estate , of course, the highest – £644045, but the pace of price growth has declined. However, for the year prices in London rose by 11%.

With the beginning of the year every week to the market of real estate of great Britain received 30,000 units of housing, but this still was not enough to satisfy all requests of potential buyers and the prices being under pressure of demand, jumped the milestone of £300000.

The main reason for rising prices is the availability of mortgage lending and good economic growth in the UK. Amid the shortage of supply in the property market in the UK, especially in the market of real estate of London and southern England, prices stormed to new heights.

Asking prices in the South-West have a height of £292291, rising by 6.7% per year. In the South East of England prices have risen to £326836 .

From 1 April 2016 for small investors in the UK will come difficult times. However, this is not the time for despair. The market of real estate of great Britain is so diverse and flexible that it adapts quickly to change and everyone will be able to offer investment opportunities.

® Helen Antre 23.03.2016 G.

   Apartment in the heart of London – Westminster

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