Taylor Scott International News
Demand for homes in the UK has increased by 9% in the last three months with London commuter areas seeing a surge and some parts of the north also on the up. Locations including Watford, Reading, Aylesbury and Guildford now dominate the top 10 in demand spots, according to the second quarter data from online estate agent eMoov. While the north of the country has 60% of the coldest spots, some have seen demand rise, most notably North Tyneside up by 62%, Sunderland and Dudley both up by 32%, and South and North Lanarkshire in Scotland up by 29% and 26% respectively. The data also shows that Bristol is one of the hottest demand spots outside the south east with demand up 10% since the first quarter of the year. Durham at 12% has seen demand fall by 30% over the course of a year, making it the second coldest spot in the nation. Rochdale and Northumberland, both at 17%, have also continued to cool, moving both locations up the table of coldest spots in June. In Scotland as well as North and South Lanarkshire seeing a rise in demand, Fife is up 22% and Highland is also up 22% since the first three months of the year. Westminster in London has also continued to decline, dropping a further 10% in demand and two places, making it the third coolest whilst Ealing has witnessed the largest fall in the last three months, with demand down by 36%. Brent and Hounslow also fell by 4% and Oxford is the only commuter zone to see a decrease, as demand fell by 8%. Since the second quarter of Medway has seen the biggest increase with a rise of 70% in demand. Scotland has also performed strongly over the course of the year with Fife up 42%, South Lanarkshire up 22% and North Lanarkshire up 15%. The annual top 10 also includes Wiltshire up 48%, Sefton up 45%, Bedfordshire up 38%, Tameside up 25%, Bolton up 18% and Bradford up 16% while at the bottom are Calderdale and Westminster both with a fall of 58%, Ealing down 47% and Aberdeenshire down 40%. ‘The UK property market definitely seems to have experienced a post-election bounce. With demand up 9% nationally, people are clearly more confident about buying now that the next five years of government has been decided,’ said the firm’s chief executive officer Russell Quirk. ‘It’s interesting to see the demand for commuter zone property continuing to grow. With London demand falling, property owners wanting to see an increase in their property price, might want to sell up and head a few miles out of the capital,’ he added. Continue reading →
The post Demand for homes in UK up by 9% in second quarter of 2015 appeared first on Taylor Scott International.
Taylor Scott International
Taylor Scott International, Taylor Scott