In April the British Houses and flats have ceased to become cheaper

04.05.2011 09:36
Articles about real estate | In April the British Houses and flats have ceased to become cheaper For the first time in eight months in England and Wales to stop the fall in property prices. However, weak demand from buyers and increasing the number of offerings on the market should soon put pressure on its value, analysts say.

In April, a house in England was estimated on average? 153 thousand (? 170 thousand), which is 3,3% less than a year ago, reports Belfast Telegraph.

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According to the company Hometrack, receipt of new proposals for its rate of growth overtook the number of potential buyers. During the month, the number of objects for sale has increased by 5,5%, while the number of registered brokers requests from new clients - only 2,8%.

"In the second half of 2011 to begin a new stage of market development. Active completion of proposals and the weak purchasing power of the population restrain further growth in property prices ", - considers the head of the research team of the company Hometrack Richard Donnell.

In the property market in London, according to experts, the situation differs from the average. The residential sector of the capital of Great Britain feels confident enough, and in April, analysts have fixed it a small price increase (0.3%).
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