The March report of the British press about the real estate market in the UK

 Apartment in London Luxury prestigious index W9 £1300000

The influential British newspaper “Rightmove”, published in March 2013, the statement of changes in prices on the real estate market in the UK, and separately – about the London property market.

The main idea of the report is that the property market in the UK has received a distinct impetus to growthbased on confidence in the stability of prices.

Key highlights of the report:

· With the onset of spring, the market prices rise above the average growth of house prices in the UK in March was 1.7% (+ £ 3969) on Feb.

· Growing confidence in price stability builds momentum for the market to increase the volume of transactions in 2013.

· 60% of people who have decided to change the housing believe that prices will be roughly on the same level, and 23% believe that prices in 2013 will be higher.

· March marked a 12% increase in the number of sales, a small number of unsold homes – an indicator to increase sales.

· Increased sales velocity. Now the average time spent in the market is 80 days compared to that a year ago this time was 90 days.

· Brilliant buying opportunity for investment. (“Buytoletsheme) – the possibility of “lending” mortgage loans will be possible at the level of about 2% and average rental yield of approximately 6 %, + prospects for capital growth.

The following is the data – Top 5 fastest growing areas of London according to Rightmove. As follows from table, the best prices were rising in the already expensive areas – Kensington and Chelsea, which suggests that investor interest in real estate in London luxury is not reduced.

Interesting is also the data on changes in property prices in different districts of London for the year, published in the same edition of the Rightmove:

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