In September of the UK property market has reached a turning point

The housing market in the UK saw the strongest growth in September, the sales volume in September 2013 was 55% higher than in August of the same year. Strong sales growth observed in all market sectors, and the total number of transactions 65% higher than in September 2012.

Particularly strong growth of transactions in the residential real estate market was marked in those regions where popular selling property for letting (buy to let ) , and where there were available mortgage refinancing – which is not surprising as the banks of England, caught up in a tough competitive environment, significantly reduced rates on mortgage loans, and released a new variety of mortgage products, including actively offering programs perekreditovanija.

The impression that September was a turning point in the whole of the UK property market. It’s been five years since the collapse of Lehman Brothers, when the world, including the UK, in a protracted economic crisis. But last year the situation has changed beyond recognition and at least the financial world, the real estate industry and the construction industry in the UK feel more confident. It is obvious that the economy will experience a lighter period.

However, it is clear that this holiday is in the financial sector can continue as long as the Bank of England will not consider the possibility to raise interest rates.

But now it’s clear that buying a home has become more affordable for more people. Now people are more confident than just a few months ago.

After a slight slowdown of activity in August, the real estate market experienced a strong push in September. The number of transactions for the purchase of real estate for rent increased by 66% in September compared to August.

September and early October are traditionally the peak season for the rental market. But those who buy to rent now, put up your property for the rental market at the end of the year. Thus, the market indicates a high demand property in the rental sector will be for several months. The improvement of supply on the market for rent, it is vital for those families who cannot afford to have property in ownership.

® Helen Antre 24.10.2013 g

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