In the UK there is a growing demand for holiday homes

The number of transactions in the market of country houses in the UK grew by 35% annually as of March 2014.

The elite real estate company Knight Frank has published its latest market research suburban real estate in the UK according to which, during the year, the last year the number of potential buyers in the market increased by 13%.

In regional cities, the growth rate in property prices is 3.3% lower than at its peak in 2007, but in rural areas the growth rate is still 18 percent below pre-crisis levels. However, the restoration of the suburban real estate market there. It began in 2013 and 2014 shows good recovery rates.

The real estate market in the UK is growing as the number of transactions and price and regional markets growing in line with London. The number of real estate transactions ranging from £500,000 to £1 million increased by 35% by March 2014.

In the range of £1 million to £2 million – an increase of 40% and 22% increase in the number of sales in the price range of £2 million.

Despite such impressive growth, the elite suburban real estate in England and Wales is currently still almost 10% below their peaks in 2007. Growing trend of increasing demand helped to leave the stagnant housing market .

There are several reasons for such a high demand for holiday homes. First, the young family from London, attracted by the price difference between London and the rest of the UK, anyway. People are attracted to the small town in which a well-developed infrastructure, availability of schools, shopping and restaurants.

It is expected that in 2015, as the economic recovery continues to be stronger demand for suburban real estate in areas with developed infrastructure. Perhaps the market can slow down the upcoming elections in 2015. But it will be short-term braking. However, the main forecast of the market of country real estate the UK is an growth in the next 5 years.

® Maximlevitsky. 16.06.2014 G.

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