Friday, July 13, 2007

The raising of priceses of property of London start to slow down

Although London lines up now above Monte Carlo in terms of price of property, the recent figures released by montr of Rightmove of agents of field that the prices of residences of London went up attheir slower rate in five months, with the cost of a house falling into more than half of the cities of the capital of the United Kingdom. While other areas through the country saw the average rise in price of residences by 0.8 percent in June, the prices of property in London went up by 0.7 percent in the comparison - half of the rate which had been seen in May, incentive of the experts to envisage a fall in the property evaluates during month to come. A pole in all the country of property, carried out by the request starting from the foreigners and of the rich bankers in the city could reach its peak while the interest rates of interest reach high six years discourage of the purchaser of house with debts record. With another increase in interest rate indistinctly appearing, of the analysts envisages largely property that another increase can crimp by folds the growth of the prices. The deceleration saw the cost of a fall at the house in seventeen of cities of the thirty-two of London, with Southwark, a south of sector of the financial zone of London showing the greatest level of the decline with prices falling 2.8 Hounslow percent, close to airport of Heathrow showed next the greater decline with a fall of 2.4 percent. However, the prices of property in the cities of top-of-the-range of London continued to increase, with the property as Kensington and Chelsea, of the popular sectors with bankers, footballers and celebrities of Hollywood recording of the profits of 3.4 percent the month and of the 73 percent of staggering competed at the previous year with an average price of £1.4 million. Moreover, average time that a property remained lit the market reached 69 65 days days in May. The average price with the request in London east always 23 percent higher than one year ago, with the prices going up of £315,224 with £387,898. Price of property through the roise of the United Kingdom by 13.2 percent in June at an average cost of £239,317, rising in seven out of ten areas. The Midlands Western showed the greatest level of the profit with an increase of 5.8 percent, whereas East Anglia, the North-West and Yorkshire and Humberside all recorded the negative growth. The increase in values of property accentuated the growth divide between the owners of a house and those not on the scale of property, with more than four4 million of people never not hoping to be able in measurement at clean their own house.

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