The real estate market in the UK remains an imbalance of supply and demand

Demand for property in the UK is at its lowest level for two years, and the number of requests from new pokupateley in April decreased by 1/5.

Report from the National Association of Estate agents shows that in April, there were on average 325 new potential pokupateley one office. This is the lowest figure since March 2014, when it was the last downturn in housing demand and the number of potential buyers was at 313 to one office. Compared to March 2016 number of registered pokupateley decreased from 417 to one office or 22%.

However, the supply of new property in the UK, free for sale, declined more significantly – from 54 free objects every office in March to 35 in April by 35% .

Many real estate companies expect that will gradually increase the number of first-time buyers afford housing, occupying a niche that freed homeowners – investors in connection with the new rules of tax regulation.

About a quarter – 24% of representatives of agencies of real estate in the UK said that property prices will fall and demand will decline if the UK vote to exit the EU in a referendum.

Meanwhile, in the case that Brexit will be held, is not expected significant price changes. According to the Association, the output of Velikobritanii from the European Union will result in a decrease in property prices by 2018, about 1%, or £2300, which will ensure the average price of housing £300900. If the British will vote for the preservation in the European Union, the price of real estate by 2018 will reach £303000.

Thus, despite a significant decline in demand, sharp decline in available housing market creates an even greater imbalance of supply and demand continues to push prices up. The uncertainty associated with the upcoming vote on a Brexit, contributes to the fact that buyers delay their decision, awaiting the outcome of the referendum.

® Helen Entree. 30.05.2016 G.

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