Growth in property markets and impact of undersupply on rents
Latest figures find the properties in the north Lancaster, Blackpoll, and Durham are fastest growing where the number of homes sold in the year increased 17 percent as per Land Registry data released by House simple. The study covers more than 60 cities in the UK where at least seven regions showed the biggest growth out of 10 in the second quarter. The rise in the sale of properties in Lancaster was 16.6 percent and Durham sale increased 15.4 percent. It is a trend that the property price drops in November each year but this year the drop was fueled by uncertainty in political-economic situations that led to a reduction in the asking price, Hamilton investment properties , although, there exists a big difference in prices in different regions. Swinton was one of the regions from South which was in the top ten growing cities with a growth rate of 11.8 percent. Northern towns continue to grow and official figures claim the properties in the North East are yet to get back ...