The prices of apartments and houses in England continued growth in the third quarter of 2017. For the three months from July to September 2017, the market saw the fastest rising and the average price of a house or flat in the UK has reached new heights. Data published by Halifax Bank shows that the average unit price of residential property rose by 0.8% in September to £225109, which is 4% higher than a year earlier.
Market experts nedvzhimosti different comments on this quarterly price increase in the market. Some are euphoric, believing that the process of Brexia has no effect on the market for residential real estate in the UK. Others believe that it would be shortsighted to assume good data in a few months an indicator of a trend. It is necessary to take into account seasonality. Many people try not to enter the deal in the summer, and in September implemented the pent-up demand and supply. The increase in market prices due to poor supply, and not the trust of buyers to the market.
It is obvious that buyers become more price sensitive, and try to get yourself a big discount. A structural problem with the supply of housing keeps prices from falling, but this is not to say that the seller ruled the roost in the market. Buyers are still concerned about the upcoming secession of the UK from the European Union, however, they do not think that the consequences of separation will be as bad as was predicted at the beginning.
® Alice Morgan. 16.10.2017 G.
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