The demand for residential property in London is falling, while in the rest of England is growing

Demand for residential property in the UK increased by 3% since the beginning of the first quarter of the year. The picture is of increased demand characteristic of almost all cities, with the exception of demand for property in London. In London after 1 quarter, the demand fell, reaching a value fall of 2%.

Despite the fact that London is now the most “cold” point in the market of real estate in the UK London Bexley is a place the hottest demand in the country.

Outside London most scarce and sought-after housing is in Bristol. Further sleduet Bedford and Alesbury of Lviv and, further, Ipswich, Sutton and North London.

From the top of the most popular places departed Cambridge and Milton Keynes, but, nevertheless, continues to be in high demand, as well as Northampton and Coventry.

London also has a good demand in the areas of Kingston upon Thames and Southwark. London remains the engine of the UK economy, But residential real estate in London – probably the only industry that was behind the whole country In the first place, due to the high prices of the London property market, which has grown continuously over neskolkih previous years. And of course, the strongest factor influencing the reduction in demand in London has increased interest rates Stamp duty of 3% for investors.

Despite the fact that in the UK now have a place of pessimism in connection with the outcome of the vote on leaving the EU, experts of the real estate market in the UK expect an increase in demand for housing across the country and in the 3rd quarter of 2016. Demand will continue to exceed supply throughout the UK and the weaker pound will help to ensure that property in London will be affordable and the interests of investors will move beyond the overly expensive London.

® Helen Entree. G. 01.07.2016

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