The April survey of real estate prices in London

April review spring trends in property prices in London (According to the Materials of Rightmove)

19/04/2013

After three consecutive months of growth, sales of real estate of London for the first time since the beginning of 2013 has adjusted their prices . The adjustment was small – on a modest 0.5%, but this fact was the occasion for analysts of real estate in the UK to look for objective reasons for this fact.

In particular, the Director of the Internet portal Rightmove and housing market analyst miles real estate Shipside commented on the statistics:

“This year in the UK as spring weather and real estate prices seems to have forgotten about spring. The traditional spring momentum has not held in April …..although, if you take into consideration the heady price growth in the last 12 months, it is not surprising that London takes a breath.

The season is the fact that the pace of price growth has fallen from 9% in March to 6.2% in April. However, we cannot say that London is still by far the most efficient region in England, along with its closest neighbor – the South-Eastern region, which recorded a modest 1.1 percent growth.

Miles Shipside adds:

“Property prices in London are close to the upper limit and, as is often the case, rested for a while before you break into another level. There is a certain limit – a psychological level that many consumers can afford, and the traditional spring momentum could not overcome the psychological border price “.

A break for Easter weekend has also become a significant factor in the role of the formation of the April prices. Those who could choose to do their own real estate transactions or to enjoy the holidays, and the purchase and sale of apartments or houses to procrastinate, chose long-awaited vacation. Well, those sellers who had the urgent reasons for sale and they could not afford the luxury to indulge in idle weekends, provided the formation of more competitive prices, given the urgency of the transaction. The number of properties coming onto the market fell by 4% in April of this year, even excluding the abnormally low volume of transactions during Easter week. Unusual snow and cold in the spring, may have induced many thought was a bad weather in a warmer climate, delaying a potential price increase. Those who have the right to choose, and not in a hurry, put your prices are slightly higher than those who are not able to postpone the decision. Therefore, we expect a logical increase in property prices in London next month, which will catch up your late spring “. ® Verona