In 2014 was the highest level of residential property sales since 2007

Gross volume of mortgage lending (mortgage Rates in the UK are falling ) residential real estate sector reached Britain in December 2014 of £16.5 billion, an increase of 1% compared to November 2013, but it’s still 1% less than in December 2104. (On the mortgage market improving sentiment)

Data provided by Council of mortgage lenders the UK also show that in Q4 the total amount of loans amounted to £51,6 billion, which is 8% less than in Q3 2014.

For the whole of 2014 gross mortgage lending was £of 205.6 billion, 17% more than in 2013.

Young families, first home buyers a house, got a huge help from the UK government, participating in the program “Help to buy”, according to which the buyer had to pay only 5% down payment to buy an apartment or a house. In a result, more than 300,000 new buyers were able to buy a house in 2014. (

This is the highest level of residential property sales in the UK since 2007.

Despite the fact that currently in many regions of the UK there is a lull, the mood in the residential property market in England and Wales in a positive and in 2015 we should expect a stable to strong market. In 2014 has laid a good Foundation for the construction of new housing and this year will go down in history as the year of recovery of the UK property market after the recession of 2007.

Introduced at the end of the year the new scale of stamp duty will also serve as an encouraging factor for buyers in England and Wales, which will benefit up to £1000 on the deal. And of course, the government program “Help to buy” will continue to support the real estate market in the UK, especially in the lower sector.

® Maxim Savitsky. 23.01.2015 g.

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