Property for sale in England
The power of global economy pushes forward the ship of English real estate market about property for sale in England despite the headwinds of Brexit.
According to the National Institute of Economic and Social Research (NIESR) report, in England GPD growth will be higher than expected thanks to the synchronized recovery of international markets and to the weakness of the pound.
These two factors contributed to balance English economy that now depends ever less on domestic demand.
Prices of properties for sale in England are now falling much more faster than last economic recession and the high level of downturns has been recorded in the expensive areas of London.
Prices for property for sale in England decreased by 2,6% .
The most expensive districts of London have been most heavily affected in the last year and the south-west area of Wandsworth saw the bigger decline of 15%.
Often offers for property for sale in England are more than 10% below the requests and the reason is the uncertainty about Brexit.
The collapse registered in London is having a negative effect on national prices of properties for sale in England.
The north-west of England has elected Blackburn as new real estate capital with the fastest growing in England: Blackburn replaces London with an increase in average prices of 16.4% of last 12 months.
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