According to Knight Frank, the housing market in England and Geller is on the decline in 2018. However, the annual change in prices fell for the first time in 18 months.
The figures were -0.6 percent year-on-year in the fourth quarter and decreased by 0.9 percent. The demand, measured by potential buyer records and opinions, is the same as the level seen over a year ago and above the level seen in 2015.
The north of England was the highest performing region in 2018. Moreover, a price increase of 1.3 percent per year was realized. The city houses have been the most powerful property type with 24 percent growth over the past five years.
In 2019, Knight Frank foresees a cumulative growth rate of 0.5 percent for primary regional markets and 8.2 percent for 2019 and 2023. According to Knight Frank negotiators, many choose to sit tight and wait until March 2019 to approach the EU.
Where sales are made, especially in the south of England, it usually takes longer to complete. Measuring the time between the sale of a property for sale and the date on which the sale was accepted, Knight Frank’s analysis shows that the time taken to sell a house worth over £ 500,000 in the South East increased by 23 percent in 2018. In the east of England, the increase is 28%.
Source: World Property Journal
Melike Vodina / realestatecoulisse.com