Dynamics of growth in house prices in the UK reached a four-year highs. According to statistics, in April the cost objects the national average increased by 9.9% compared with the same month last year. When this proved most profitable investments in the London flat, which for the year rose by 18.7%. Meanwhile, the lowest rates were recorded in the south-east of the state, where prices rose by 6.3%.
As analysts, investment attractiveness of residential real estatevaries in different parts of the United Kingdom. Most homeowners have earned England – 10.4%. In Scotland, prices rose 4.8% in Wales – 3.3%, and in Northern Ireland – 2.6%.
According to the executive director of the housing charity Shelter Fund Campbell Robb, too rapid growth in the value of houses and apartments was a serious blow to the thousands of people who tried to buy a modest home and were willing to take large mortgages. Now for even more Brits dream of your own real estate has become distant. With each wave of price increases, more and more adults are in tiny childrens’ bedrooms or decide to sell their modest property to move into a rented apartment, pay for that also have a lot, says Campbell Robb.
To remedy the situation, the expert advises the government to take urgent measures to ensure thatdevelopers could get cheap land, and ordinary Britons – a vast array of payment schemes that have not ate the lion’s share of their wages. In the meantime, the Office for National Statistics released downright shocking data. Total for the year residents have been paying the rent increase of 10.7%. Operating expenses increased significantly as homeowners and tenants.
As the specialist in real estate appraisal, Richard Sexton, the dynamics of growth in house prices in the UK is gaining such momentum that it is already causing concern among analysts. If on the outskirts of the UK market shows a steady but steady growth, in large cities, and especially in London, the situation is increasingly takes the form of a soap bubble. This fact has forced experts to make disappointing forecasts for the long term.
Tags: growingHousing pricesLondonUK