Highest housing prices at UK market

Uk starts the year with the highest rise in house prices

Tuesday, January 21, 2014 -

Historic house prices in January in uk

The price of housing in the united kingdom increased by 1% in January compared with December, a figure that represents the most historic start. specifically, the average price stood at 243,861 pounds, more than 295,000 euros, according to a report by the country's largest property portal, rightmove

On-year, the price shot up 6.3%, 14,432 pounds (17,466 euros) more than in January 2012. "The first indicators of the year show a strong real estate market for 2014. the average price stood at its highest historical start, indicating that optimism sellers and real estate agents is increasing, "said the report highlights

In London, where housing was increased in 2013 by 10.6% (at its best figure since 2006), the price rose just 0.2% in January compared to December and 7% year over year, the average price in the 514,704 pounds (about 623,000 euros)

In the 'city' in January fell hard prices in traditionally more expensive neighborhoods such as Westminster, where depreciated by 8.3% MoM (up to an average price of 1.4 million pounds or 1.7 million euros) or kensington, where the average fell 6.9% from December to stand at 2.05 million pounds (2.48 million euros)

The price of housing in the united kingdom will rise by 4% in 2014

Tuesday, January 7, 2014 -

halifax bank estimates that the price of housing in uk increase by 4% this year. the bank justifies this growth will occur as a result of the improvement in the British economy and low interest rates. further explains that the government-led "help to buy" program will boost housing demand but dismisses fears of a housing bubble

Halifax economist, Martin Ellis, indicates that the price of homes in uk is 12% below the peak marked in August 2007, while sales transactions remain below those recorded seven years ago

Also, the bank explained that the rise in property prices in the country is increasing the capital of homeowners, allowing them to take these homes on the market next year. therefore considers that this will increase supply and curb rising prices

New London housing is focusing on high-end prime properties

Developers are focusing on high-end properties, according to report that warns firms could be forced out of the capital

Developers are focusing on properties in London that cost more than £2m to buy or £5,000 a month to rent. Photograph: /Jason Hawkes

London's housing shortfall is running at more than 20,000 homes per year and too many of the properties under construction are aimed at wealthy buyers, according to research that warns of a growing affordability gap in the capital's new housing stock.

A report by estate agency Savills warned that businesses could be forced out of London because their workforces cannot afford accommodation, while overcrowding forces young professionals to live longer with their parents.

More than 50% of housing demand in London comes from households earning less than £50,000 year, according to Savills, but developers are instead focusing on high-end prime properties. These cost more than £2m to buy or £5,000 a month to rent, with many ending up in the hands of overseas investors.

"Builders' focus on wealthier, equity rich and credit-worthy buyers since the credit crunch means that a disproportionate amount of stock is being delivered at what we call 'new prime' levels," Savills said.

Opposition politicians accused the government of allowing useless homes to be built, while ordinary Londoners struggled to afford to stay in the capital.

 

Provided by London & Country for the Guardian