London property market is growing faster than in the rest of the UK

Sales of residential real estate in London is not subjected to seasonal fluctuations this year and has grown in comparison with 2012 by 56%, while in the rest of the UK, the figure is 32%, according to the website Property Wire citing data from the local housing market experts. The average cost of housing in the United Kingdom for the year increased by 9% to 209,443 pounds. While in London prices rose by 15% year on year, including an increase of 5% was noted in the last month, and the average value of the object has reached 425,486 pounds. According to the source, the price growth in the country is justified in high demand: on the one object for nearly seven potential buyers. In London, where demand far exceeds supply, the problem is even more acute: nearly 14 customers to a single object. HomesOverseas.ru