The real estate market in the UK has turned towards the buyers

The situation in the property market in the UK takes place in favor of buyers. About three-quarters of buyers purchased a property in the UK in January 2015 at a price lower than the asking sellers.

This situation shows first of all that buyers, not sellers dictate the market conditions and have the advantage in negotiations. 73% of residential properties were sold below the asking price. Last year in the same period – only 56 % of customers were able to reduce the price of your purchase in the negotiation process.

The cooling of the market experts is primarily associated with the upcoming may 2015 parliamentary elections that create uncertainty in the taxation of expensive real estate in the UK. However, the lower the real estate sector definitely remove the dividends from this situation, stimulating sales growth.

Reform of Stamp duty , which took place in the fall of 2014, has already attracted additional buyers to the market. However, the sellers, encouraged by the influx of buyers already raise prices. Furthermore, additional pressure on prices creates a shortage of supply on the market of new housing. Meanwhile buyers are reluctant to pay, are actively dealing with such sellers through auction , creating a market in real prices .

In early 2015 there has been some cooling of activity from both buyers and sellers, when every office of real estate agencies accounted for 44 of the object available for sale. In 2014, this same figure was 47 objects for each office.

The real estate market in the United Kingdom are extremely sensitive to the moods. Ahead of elections in may 2015, when it is not clear which party is in power, many buyers and sellers choose the strategy of waiting and in no hurry to make trades.

® Helen Entree. 27.02.2015 G.

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HENRY MOORE COURT, MANRESA ROAD, SW3 £ 12,000,000

TREVOR STREET, KNIGHTSBRIDGE SW7 £ 7,950,000

KENSINGTON SQUARE, KENSINGTON W8 – £ 7,000,000

PARKSIDE, 28-56 KNIGHTSBRIDGE SW1X – £ 6,995,000

BROMPTON ROAD, KNIGHTSBRIDGE SW3 – £ 5,950,000

PENTHOUSE – BERNERS STREET, FITZROVIA W1T £4500000

THE TOWER, ONE ST GEORGE WHARF SW8 – £3,995,000

ALBERT COURT, PRINCE CONSORT ROAD SW7 – £3,950,000

ONE HYDE PARK, 100 KNIGHTSBRIDGE SW1X – £5,600,000