House prices in Britain rose by warming weather


House prices in Britain accelerated its pace of growth in April with the warming weather in the country, which not only increased the number of sellers, but buyers in the market. House prices in England and Wales increased for the tenth straight month and even then its fastest pace since December last year. It is clear from recent market survey of the Royal Institute of licensed appraisers in the UK (RICS), quoted by Bloomberg. The number of surveyed members of the Institute, which reported increases in housing in April, is 17 percentage points higher than the number of those who reported a decline. This is a positive balance of over 9 percentage points to 18 in March and February. Evaluators, who reported increases in house prices have become more numerous groups for the first time in the past two years in August 2009. Then the difference in their benefit amount of ten percentage points increase to 35 percentage points by November. Earlier this year, however, extremely low temperatures, the uncertainty about held on May 6 election and the great demand, decreased market momentum in the market. The number of new homes offered for sale exceeds the new purchase requests for the fifth consecutive month. According to experts, the RICS house price keeps lower in some areas of the country, but they expect more buyers to return to the market after the elections last week. The majority of respondents Property Appraisers predict that sales and property prices will continue to grow over the next three months. Housing in London, Scotland and southeast of the country continues risen quickly in the spring. A separate study of trade organization of chains of retail in the UK (BRC) showed that sales in stores that were open at least 12 months, reported its biggest annual decline since December 2008 They decreased by 2.3% yoy in April after reported a strong annual growth of 4.4 percent in March. Consumer spending are important for the recovery of the British economy out of recession in the fourth quarter of 2009 with growth of 0.2 percent, then rose another 0.2 percent in the first three months of this year. At 10:45 am local time with the more expensive sterling 0.2 percent against the euro as the pair EUR / GBP is quoted at a level of 0.8597 liras per euro. Within 12 months the pound has appreciated by 4% compared to the single European currency, while its dollar exchange rate has risen by 2.2 percent.

Published on 2012-05-22 10:17:22
Source: Investor.bg


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