6 places in the UK, where real estate prices are falling rapidly

Since January this year, real estate in the UK has risen in price by £44 a day. However, there are areas where prices do fall.

The real estate market in the United Kingdom has increased by 1.39% over the past three months, equivalent to £114 billion. Since January, the usual British house has increased in value by about £3,000, that is, the price has increased by £44 every day.

The North-West of Britain is the most expensive for buying a property. Here, the cost of housing increased by an average of £3,552. In East Midlands and Yorkshire, the price rose slightly less - by £3,357 and £2,750 respectively.

While rising prices please those who want to sell property, people who want to buy their own housing, along with inflation and small wages, are less likely to believe in their dream.

But there is good news for the latter too. The largest real estate portal Zoopla has prepared a report, which indicates areas where real estate prices actually fell this year.

Where does housing prices fall precipitously?

In Ebbw Vale and Blaenau Gwent in Wales, average property in the last three months has fallen in price by £1,222, which means that you can purchase housing here up to £106,339.

In Imingham and Northeast Lincolnshire, real estate prices fell by £2,097, or 1.75%. Today, you can buy an average house in these areas for £119,708.

In addition, to become the owner of relatively inexpensive housing is possible in Wales - in Caernarfon and Gwynedd. Back in January, the average cost of real estate here was £172,974, and today it has dropped to £171,177.

For those who have higher incomes, perhaps it is worth paying attention to Snodland in Kent, where real estate prices have fallen by £2,062 in the past few months. In the period from January to March, the price fell from £274,711 to 272,109, that is, by 0,95%.

Within the same price category is Ripon in North Yorkshire, where the cost of houses decreased by 1.08% in the last quarter.

The Borough of Harrogate area may also be attractive to buyers, as the value of real estate here has decreased from £285,982 to £282,885, that is, the price dropped to £3,097.

For those who are looking to invest in housing in Greater London, the Edgware area may seem very attractive, as property prices have fallen sharply in three months. The average cost of housing decreased by £5,048. Now the price of real estate on a busy street near the metro station has fallen from £498,260 to £493,212.

read other news here

Feedbacks and comments

Write feedback
Write comment

Please leave a constructive, reasoned and informative text relating to the quality of the company's work, on the example of personal experience.

Not allowed: use of non-normative obscenities, threats or insults; direct comparison with other competing companies; placing a links to third-party Internet resources; advertising and self-promotion, statements related to the company's activities.

Enter e-mail:
Your e-mail will not be shown on the site
or Log in , for write feedback
Load photo:

Comments are designed to communicate and discuss the features of an enterprise or event, as well as to find out the interesting questions on it.