Sellers of real estate in the suburbs of London has been cutting prices

According to new research in the suburbs of London, more than anywhere else in the UK is markedly lower prices for residential real estate.

Overall, about 33.5% of the objects of real estate in England has been reduced in price since they first put on the market, and on every seventh property price reduced by 40% or more.

A study conducted online Agency HouseSimple showed the percentage on the market of real estate in England, discount real estate agents, since their first ad, and compared the data in February 2017 August 2017.

Top cities tops the reading – 44% of the ads on the sale of property in reading now hang at a reduced price. A similar analysis in February of 2017 showed a decrease in the prices of 22.8% of the objects, the dynamics there.

In Basingstoke – city, 50 minutes from Waterloo station, the prices are reduced by about 35.6% of the residential real estate that is significantly more than 16.5% in February.

Data for lower prices in August are impressive – across the country in one hundred cities, the Agency announced that price are reduced by 33.5% of the real estate. No exception and Central London. But there is reduction for luxury property in Central London, where 35% of facilities fell in price.

In the last decade, the suburbs of London saw a significant increase in real estate prices. As a result, greatly reduced the gap in prices between London and the suburbs. Now buyers have become pickier and pickier about the quality of housing and price sensitive. Therefore, sellers in the suburbs are willing to lower prices to keep the buyer.

® Helen Entree. 28.08.2017 G.

Apartment in the heart of London – Westminster

Taxation legal. individuals in the UK

Tax on capital gains in the UK

What “Stamp duty”

Best offer

Land and types of ownership of property UK

The process of buying real estate

Why we recommend to buy new apartments and houses

Why Brits want to leave EU?

In the UK, reduced Stamp duty

Why buyers from Russia should not fear sanctions

More than 325 % over two years has earned our clients

St Paul’s Way

Wembley Park Gate

Enderby Wharf

Hale Village

Marine Wharf (pier)

         Tower Harbor in Canary Wharf