Prices of British homes fell slightly, but the market is stable

18.11.2010 10:10
Real Estate Market Analysis | Prices of British homes fell slightly, but the market is stable Falling prices of houses was small 0.7% over the past three months. However, experts believe that falling prices logically called stabilization.

Prior to this the cost of houses in England only grew: from the beginning, the housing has risen in price by 6,5%. The hottest month in the British housing market was in August - while prices rose by 8,1%, reports the BBC.

Related article: Real Estate in Greece: the difficulties ahead

In early summer, analysts have documented decline in activity in the segment of residential buildings and at the same time suggested that prices gradually go down. In autumn, these predictions were coming true.

It is noteworthy that while in Scotland and Wales from the beginning, the prices of houses rose by 1, 4% and 8.8%, respectively, in Northern Ireland and their value decreased by 7.6% since the beginning of the year.

However, experts suggest that in the future growth of the global economy heats interest in real estate in London, located in prestigious areas. They are confident that this will inevitably lead to a gradual increase in house prices in the British capital. Serious help in the revitalization of residential real estate market in London will be the annual bonuses to managers of the City.

Content tags: Overseas property
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