Simple Briton is now more likely to buy a home than a year ago

Activity in the market of residential property in the UK increased by 8% in December 2016 , and the activity of first-time buyers buying a property has increased in 2016 by 26%. After a pessimistic post-brestovica sentiment, confidence among buyers in the market.

If you compare the December 2016 from December 2014, we can see that market activity increased by 40%, the total volume of sold real estate at 32%, the activity of buyers in the segment of those who first buys a house, has increased by 50%, the activity of those who applied for refinancing on your mortgage at 68%, and the activity of investors “Buy to let” – on 13%.

These trends reflect the changes in the market of real estate of Englandthat occurred over the two years.

Historically low interest rates on loans, which became even smaller after August 2016, when Michael Carney lowered the rate by another 0.25% to stimulate to action buyers on the mortgage. The high activity of the “first time buyers” due to extensive public assistance programmes, which are being actively implemented for young families. But the relatively modest growth of investment activity was the result of increasing the tax burden on investors, which was introduced several pieces of legislation for this sector of the market.

If you look at a year ago, it is now common Briton is much more likely to buy a house. Loan rates even lower employment in the labour market for the year increased and, in addition, the government has done everything to eliminate competitors from the market as investors “WCI to let”. Thus, the market of real estate in the UK waiting for a pretty active 2017.

® Alice Morgan. 22.01.2016.

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