Connect with us

International

UK property market hotspots revealed

UK property market hotspots revealed

 


According to Nested’s analysis, the UK property market has witnessed property sales worth 250 billion over the past year, with the wealthiest regional markets being located north of the Scottish border.

The study examines the total volume and combined value of property sales across the UK over the past 12 months, revealing how the market has responded to recent economic uncertainty and uncovering the UK’s wealthiest regional markets.

A total of 869,560 homes were sold in the past year, with a total value of $249.7 billion. This figure represents a 23.5% decrease in sales volume compared to the previous year, resulting in a 16.3% decrease in cumulative value. Despite a 9.5% increase in house prices over the same period, they showed a downward trend.

The City of Edinburgh has emerged as the most valuable regional real estate market with 11,295 sold-out sales valued at $3.7 billion over the past 12 months. Close behind is Buckinghamshire, with sales of 3.4 billion, and Wandsworth in south-west London, which sold a total of 3 billion homes last year.

Other notable regions with high real estate market values ​​include Yorkshire (2.5 billion), Kensington & Chelsea (2.5 billion), Somerset (2.5 billion), Cornwall (2.5 billion), Belfast (2.4 billion), Birmingham (2.35 billion) and Wiltshire. (2.5 billion). 2.3 billion).

Conversely, Merthyr Tydfil and Blaenau Gwent in Wales were identified as the least valuable areas on the UK mainland property market, with 109.5 million and 122 million properties sold respectively last year.

The City of London ranks third in terms of low volume, with 123.7 million properties sold within the region over the past year, despite an average house price of 877,562.

Alice Bullard, Managing Director of Nested, commented: Even as the heat has truly subsided in the wake of the pandemic real estate market boom, there has been a staggering amount of real estate transactions valued at nearly $250 billion over the past 12 months. .

This shows that despite the tougher market conditions that have materialized, buyers are still being intentional and homes are selling. Although it is a slower pace and slightly lower price than the previous month.

Of course, the fragmented nature of the UK real estate market means that in some areas the market continues to move at a fast pace, and in places like Edinburgh and Buckinghamshire the market is still very hot.

Sources

1/ https://Google.com/

2/ https://propertyindustryeye.com/uk-property-market-hotspots-revealed/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]