The Housing Shortage in the UK Has Led to a Record "Madness" in the Sales Market
April 27, 2022
6
According to Rightmove, the price that sellers requested in April was 9.9% higher than a year ago.
The Rightmove real estate portal said that the asking prices for housing in the UK have reached a record level due to a shortage of real estate on the market. According to the company, the price that sellers requested in April was 9.9% higher than a year ago and amounted to $463,600.
Context. The UK housing market prices continue to grow despite three consecutive increases in interest rates and cuts in household finances due to rising taxes and energy bills. The market is suffering from a chronic shortage of new buildings for sale.
Quote. "The imbalance between supply and demand is so out of control, it looks like any significant slowdown will occur gradually and will be mild rather than severe," said Timothy Bannister, the director of real estate data at Rightmove.
Other key facts:
More than half of the properties sold at the asking price or higher, which is the highest figure in the entire history of observations.
Sellers were able to find a buyer twice as fast as in 2019, in just 33 days from the moment the property was put up for sale, which is the fastest pace in the entire history of observations.
The monthly increase in the asking price was the highest in the southwest of England, where housing sold the fastest, in an average of 28 days.
What you can buy in the UK right now:
380 496 €
Apartment in Manchester, United Kingdom
81 sq.m32
Remote Transaction
Premium class residential complex under construction in the heart of Media City. The unique complex is located in the bay of Salford Quays and is an oasis of tranquility, tranquility in the heart of the metropolis.
Commercial terms:
Type of investment: BUY-TO-LET.
Deadline: Q 3-2023
Projected yield: 6% per annum
PowerPoint Presentation...
Intermark Global
955 123 €
Apartment in Manchester, United Kingdom
128 sq.m3
Remote Transaction
Spacious duplex penthouses in a new high-rise from the famous architectural studio Simpson Haugh Architects. The complex will be located in the rapidly developing Piccadilly Central area, near the central districts of the city.
The 25-storey building consists of 177 residences – apartments with 1-3 bedrooms and duplex penthouses. In all...
Intermark Global
289 770 €
Apartment in Manchester, United Kingdom
51 sq.m1
Remote Transaction
The new project consists of 2 towers located around a landscaped central square with public areas and green spaces.
The complex includes 500 1-3 bedroom apartments with high quality finishes and modern interiors.
Some flats have balconies, roof terraces and private gardens, and panoramic windows offer river views.
The development has...
Intermark Global
1 782 247 €
Flat in London, United Kingdom
94 sq.m22
Bright modern apartment within walking distance from Tower Bridge next to the Thames. The premium class complex offers all the conditions for a comfortable and modern life in the center of London. This two-bedroom, two-bathroom apartment features a spacious open-plan living room with fully equipped modern kitchen appliances and a balcony...
NF Group
18 760 496 €
Flat in London, United Kingdom
367 sq.m3
The apartment is located in a prestigious residential complex in a popular area in London. The apartment has 3 bedrooms with bathrooms, high ceilings, 2 balconies, modern finishes, parking spaces and 24-hour concierge service.
NF Group
32 830 868 €
Villa in London, United Kingdom
746 sq.m4
This unique and spacious three-level apartment is located at one of the most sought-after addresses in London. This magnificent apartment with a separate entrance and antique decor features an internal area of about 745 square meters on three floors, including: - Large lobby - Large reception room on the 1st floor overlooking the garden square -...
NF Group
447 734 €
Apartment in Manchester, United Kingdom
70 sq.m2
Online ViewingRemote Transaction
A complex of 556 luxury apartments, duplexes and penthouses. A central location connecting the popular areas of N.O.M.A and Greengate. The project provides residents with access to unsurpassed high-end amenities. A new public avenue with shops, restaurants and office space.
The complex's facilities include swimming pools, squash and basketball...
Intermark Global
323 818 €
Apartment in Manchester, United Kingdom
51 sq.m1
Online ViewingRemote Transaction
Located in two blocks and finished to the highest standards, the stylish one, two and three bedroom apartments are the epitome of modern urban life.
The complex is conveniently located north of the city centre in the Victoria area and in close proximity to Manchester Victoria Station.
Conveniently, being just a few steps from the train...
Intermark Global
287 579 €
Apartment in Birmingham, United Kingdom
50 sq.m1
Online ViewingRemote Transaction
A premium residential complex located in the heart of Birmingham's most fashionable area. It includes 166 units, including one-bedroom studios and two-bedroom apartments on 8 floors with two large private courtyards. All apartments have private terraces and balconies, modern design and high-quality finishes.
The facility is ideally located...
Intermark Global
555 284 €
Apartment in London, United Kingdom
51 sq.m1
Online ViewingRemote Transaction
The complex is located next to the winding Weldstone Creek in Wembley Park. One, two and three bedroom apartments, each with a private balcony with panoramic views of Wembley Park. Designed to the highest standards with high-quality finishes and flooded with natural light.
The infrastructure of the complex: a lobby for residents, a 24-hour...
Intermark Global
204 915 €
Apartment in Liverpool, United Kingdom
39 sq.m1
Online ViewingRemote Transaction
This striking new complex consists of studios, one- and two-bedroom apartments, equipped with all the amenities necessary for a modern person. The facility will be provided for short-term rental with maintenance and will be accompanied by a full-time management team. With panoramic windows and balconies in the individual apartments, the complex...
Intermark Global
576 690 €
Apartment in London, United Kingdom
43 sq.m1
Online ViewingRemote Transaction
An exciting riverfront area with over 1 km of waterfront, beautiful cityscape and river views.
The coastal building on the Western Embankment beckons with the romance of panoramic views of the Thames and sunsets that can be enjoyed from your own home.
The location is truly special. Being the westernmost building in the project, it overlooks...
Intermark Global
960 175 €
Apartment in London, United Kingdom
41 sq.m1
Online ViewingRemote Transaction
87 luxury apartments in one of London's most vibrant new housing developments.
The ideal location is close to the city center, public transport stops, surrounded by restaurants and shops.
Nearby are London Metropolitan University, London College of Contemporary Arts and offices of large companies.
Aldgate Metro Station is a 2-minute walk...
Intermark Global
406 722 €
Apartment in Manchester, United Kingdom
70 sq.m2
Online ViewingRemote Transaction
A new complex in the heart of Manchester. Close to the lively central areas, with restaurants, bars and shops. A 5-minute walk from the main railway station of the city and the future expressway. 177 premium apartments with 1-3 bedrooms on 25 floors. The infrastructure of the project: a gym, a lounge for relaxation and work, a roof terrace and a...
Intermark Global
314 363 €
Apartment in Manchester, United Kingdom
46 sq.m1
Online ViewingRemote Transaction
Located in the popular Ancoats area, the hotel has 155 luxury apartments with one, two and three bedrooms. Residents can also take advantage of the rooftop garden, private gym, coworking space and living room, making it an ideal choice for those looking for companionship. Designed with the interests of a professional tenant in mind, the...
Intermark Global
296 948 €
Apartment in Birmingham, United Kingdom
54 sq.m1
Online ViewingRemote Transaction
The striking tower is a landmark offering extraordinary views and access to the city center, thanks to the exclusive B1 zip code. This complex will feature a modern selection of 226 modern luxury apartments with one, two and three bedrooms. The complex is located just a ten-minute walk from the business and financial districts of Brindley Place,...
Intermark Global
944 299 €
Apartment in London, United Kingdom
57 sq.m1
Online ViewingRemote Transaction
The hotel offers modern urban living in a quiet location by the sea. Towering 31 floors above the city, just a few steps from the popular King's Road, this impressive building includes a collection of 1 and 2 bedroom apartments in a quiet location by the sea. Residents have access to the exclusive Halcyon Club with a fitness center, swimming...
Intermark Global
523 445 €
Apartment in London, United Kingdom
42 sq.m1
Online ViewingRemote Transaction
If you are looking for modern urban living in an area of London that represents an excellent investment opportunity, look out for an exciting new residential complex just a few steps from London Bridge. This iconic new complex offers 163 one, two and three bedroom apartments that are spacious, filled with natural light and feature a thoughtful...
Intermark Global
507 123 €
Apartment in London, United Kingdom
38 sq.m1
Online ViewingRemote Transaction
A new iconic residential complex in the heart of the iconic cultural hotspot of north-west London. The complex offers 454 new energy-efficient one- and two-bedroom apartments in five buildings. Reaching 21 floors at the highest point and with private outdoor space in each house, residents will enjoy magnificent views of the Wembley skyline....
Intermark Global
502 460 €
Apartment in London, United Kingdom
50 sq.m1
Online ViewingRemote Transaction
The exclusive complex is located in the 47-acre Mill Hill Conservation Area. These luxury apartments are located on a hilltop overlooking the rolling green fields of Totteridge Valley. The infrastructure of the project: a dedicated concierge, a gym for residents, a cafe, a lot of green spaces (pets are allowed). Each house has an outdoor area...
