The number of new objects in the property market of England increased by 3.4%

The amount received on the market the UK real estate objects for sale has increased by 3.4% in July. About 62% of British cities saw an increase in the number of new facilities in July compared to the previous month.

Record growth in the number of new items for sale – 51% recorded in the located in the North of England, Durham. Great numbers on the supply of residential real estate also showed a London – 13.7% increase in the supply of new homes and apartments in London, however, certain areas of London – Beckly, Greenwich and Lambeth saw an increase in the number of new facilities 44.1%, 41.3 percent and 40.5%, respectively.

However, homeowners do not premature to worry about the increase in supply and a consequent fall in prices, as in July we saw only a rebound in supply after the June drop, when there was a drop of 7.3% across the country and 12.8% drop in London.

In addition, not all cities in the UK recorded growth of supply of real estate. Approximately one third of cities saw a significant drop in the supply of new properties onto the market. So, in Bootle, fell by 30.8% in July , in Chichester of 27.7%.

The market of real estate of England is going through a normal, inherent activity after important political events. In June, the sellers expect the outcome of the referendum and avoiding uncertainty, did not put their properties on the market. Now come on the market previously postponed items for sale. This does not mean that prices will fall. Most likely, the sellers will be looking at the same prices as before the referendum, especially for quality properties located in attractive from the buyers ‘ point of view areas.

But obviously, now buyers have a few more trump cards in the hands of the sellers should behave more flexible in the process of discussing prices with the final price.

® Alice Morgan. 29.07.2016 G.

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