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London real estate – the most effective asset in the world

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The annual growth in property prices in the UK almost six times higher than the rates on deposits.

Average real estate prices in the UK increased by 11 % for 12 months starting in 2013, and the best rate at which it is proposed to retain their savings and 1.8%. The price of residential property in London has increased at some sites in 2013, 21% in annual terms and the average price of property in London reached an unprecedented value of £461477 pounds. This increase of about 11 times the increase in interest rates the Bank of England.

However, interest in the London property continues to grow, now 14 buyers for each new property in London, the number of calls increased by 15% compared to the previous year, and the number of first-time buyers afford housing rose by 22 %.

 

The real estate market in the UK is not going to show no signs of slowing down in the first quarter of 2014 and with such growth, it is understandable why the flow of customers is growing at such a pace. If the capitalization of the funds invested in real estate in London is 11 times greater than the capitalization of money, just stored in the Bank, it is understandable that many buyers with available funds in the Bank seek to move their assets into the real estate market of London. London real estate exceeds its performance now all other assets several times.

The number of transactions in the property market in the UK in 2013 increased by 18%, on the London real estate market – 20%. Buyers are in a competitive environment, when due to the lack of objects exposed for sale, buyers are forced to participate in closed auctions and fight for the best facilities, offering a price that is higher than requested.

Since the amount paid to the real estate market of the UK sites will be extremely low until 2105, the demand for property will continue to increase, and prices will increase along with demand.

® Helen Antre 24.02.2014 g.

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