The average price of houses and apartments in the UK are expected to fall another 1.3% in next three months

The average price of houses and apartments in the UK are expected to fall another 1.3% in next three months due to a lack of consumer confidence. This is evidenced by the study conducted by Reallymoving.Prices in Northern Ireland will fall to 8.5% up to £163969 in Wales was 8.4% – up to £177205 and the North-West of England – 5.1% – up to £186011 that, according to forecasts, should lead to the elimination of housing inventory, which was formed recently.However, there are regions where expected price growth is the East of England – growth of 1.9%, North – East – the growth of 3.1% and West Central England – the maximum growth of 4.1%. In General, the market follows traditional patterns of behavior – at the end of the year is always a decrease in prices after the sharp intensification of the market in late summer and early autumn. In addition, the value of the psychological factor – many agencies are trying to close the year with good performance and therefore, is actively present their objects of discounts before Christmas.In fairness, I must say that 2019 was not brilliant for the real estate market of England and Wales. But still, given the extremely low level of consumer confidence, rising prices in England and Wales for the year to 4% is a good indicator and demonstration of a positive dynamic that gives hope to the housing market remains fundamentally stable. Unexpectedly good results, the market showed in October and November 2019 – the best result since March, 2016. Average price of property in England and Wales now stands at £299705 pounds and it’s a good growth compared to the £297901 12 months earlier.® Helen Entree. 15.11.2019 G.