UK real estate prices against the backdrop of a government real estate market for the seventh month in a row. Economists consider this situation extremely dangerous and express their opinion on the possible formation of a bubble in the real estate market.
September 6 / Dalaite News / Analysts provided data on real estate prices in the country. So, in July, prices increased by 0.9%, it is almost 4.6% in annual terms, but in August already in comparison with July, the cost of housing increased by another 0.4% and amounted to 5.45% since the beginning of the year. If we compare with other regions, then in most of them real estate prices are relative stability. For example, buy an apartment in the UAE and especially in the capital of the country of Dubai, thanks to the government adoption by a number of laws, now it can now be much safer. Control of the receipt of funds from buyers is carried out by representatives of state bodies, such guarantees are not yet in the UK in the UK. As the economist Martin Ellis said, housing prices occurred due to the increase in real estate demand, low interest rates, restoring the country’s economy and introducing a government for assistance in the purchase of housing. Other economists and businessman for business business John Cabble talk about the possible formation of a bubble in the real estate market. This is due to the situation in which the demand for housing is growing every day, and new houses are being built very slowly. The normal work of the UK real estate market is due to the government introduced by the government, which stimulate the issuance of bank loans by the Bank of England, and of course, a government program for assisting citizens of the country in the purchase of housing.