Annual report on the real estate market of England and Wales

Prices for residential property in England and Wales, although dipped slightly in March, but they are still 5.6% higher than a year ago. These are the latest figures from the national land cadastre.

In March, the average price of a property in England and Wale established, at £169124, but it is still significantly lower than the peak, which was installed in November 2007 at £181618.

The small growth, which showed the market in 2013, still far from the really powerful movements on the market.

The exception is, of course, London, where the average price of property has reached £414490 .

Particularly strong growth in the London property market was observed in the sector of real estate to increase in price up to 20% for the year. However, after a record start to the year, the situation with shortage of supply in the real estate market in London has stabilized somewhat. If in January and February each luxury property was 24 and 23 of the buyer, respectively, in March and April, this figure dropped to 19 – 18. This made a break and several sellers to stabilize prices.

Wales is the only region where real estate prices fell last year. During the year, the average price of residential property in Wales fell by 1.6%, reaching an average cost of £113275.

In the South-West of England recorded a weak growth in prices over the year – 0.7 percent to the average unit price of real estate in the region of £179066 . Even lower annual growth in prices in the West Midlands at 0.6, with an average price of £133532.

South-East of England – region, where the growth of residential property prices in 2013 was strongest , it was ahead of only London, at 6.1% is the average increase in prices over the last 12 months and the average price not the real estate here is now £221189.

In Yorkshire, the Humber and North-West England has seen annual price growth range from 1.8% to 2.3%. In the Yorkshire and the Humber average price of residential property is now £116993, and in the North-West of England – £109042.

It should be noted that for the year significantly increased the number of new homes coming onto the real estate market of England and Wales. In January 2014, was put at 46% – (62123 ) – more homes than in January 2013 – 43373.

The number of sold in England and Wales of residential properties worth more than one million , has increased by 61% to 1011 January 2013.

® Alice Morgan 30.04.2014

Minster House

Studio in Lewisham

Canning Town

Beaufort Park

Apartment class “Lux” in West London