Sales on the markets of England fall

Sales of residential property in Britain fell by 3.3 percent from April to may 2017, but now they are still 13.4% higher than the previous month.

Report from the tax authorities in the UK stresses that one should avoid direct comparisons statistics on the market in may 2016 and may 2017 , as well as the introduction in April 2016 of the high tax rates on additional housing is strongly distorted statistics. The leap transaction in March 2016 , when everyone wanted to make a deal before the price increase led to a sharp decrease in the number of transactions in April and may 2016.

The cooling of the property market in the UK in may and June 2017 the specialists associated primarily with a pause before the election. Despite the market slowdown, he demonstrates an amazing resilience. The lending market offers buyers a diverse selection of products and a record low fixed rates, therefore, do not expect a strong deceleration of the market in the summer of 2017.

Meanwhile, the main problem of the residential property market in England and Wales still remains the lack of affordable housing. This is the main problem that needs urgently addressed by the government.

® Alice Morgan. 19.06.2017 G.

Brexit: How does the London real estate market

Brexit: the naked triumph of the ignorant or the collapse of democracy?

In the UK, reduced Stamp duty

Why buyers from Russia should not fear sanctions

More than 325 % over two years has earned our clients

Entrepreneur visa. Tier 1(Entrepreneur)

Price indices for UK property

Land and types of ownership of property UK

The process of buying real estate

Immigration to the UK

Tax on capital gains in the UK

Why we recommend to buy new apartments and houses

Best offer

What “Stamp duty”