Real estate in England in the North West and in Yorkshire shows the best performance

Asking prices for property in England and Wales fell in December by 0.7% , Scotland 0.5%.

But on a yearly basis, house prices in England and Wales rose by 2.6%, 1.1% in Scotland, the average price rose by £3304 for the year, reaching average values of £181464.

Asking prices for property in London falling for the fifth consecutive month, reaching an annual drop of 1%, while the average price of a property in London is almost three times higher than the national average and is £531503.

Another Index of asking Prices published by the company Home.co.uk

The strongest price growth occurred in the East of England and West Midlands with an annual growth of 6.4% and 6% respectively and the average prices £225043 and £237860.

Real estate in England in the North West and in Yorkshire brings out the best in many recent years – the growth of prices of 4.4% and 4.7% respectively and the average price of £225043 and £237860 .

The index also showed that the average time of sale of the property is 93 days, which is two days less than in December 2016. Also improved the number of offers in the market at 1% that gives the grounds to assume that the market supply begins to catch up to demand. Another trend is the reduction in the number of proposals for the lease of residential property. The reduction in supply in the rental market associated with the tax pressure on homeowners and increased regulation. Many homeowners out of private sector lease.

At the moment the property market in the UK is generally stable and is likely to demonstrate stability with weak growth in 2018.

® Helen Entree. 14.12.2017 G.

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