In numbers … the high prices of home in Britain to a record level

The prices of housing in Britain have risen to a record level, as the average price required for homes increased to a new standard during the current April.
This comes despite the end of the exemption from the stamp tax on real estate deals last month, according to the real estate website “Wright Mov” today, Monday.

Home prices in Britain

It increased by 1.4% on a monthly basis in April to 377182 pounds, although the number of houses offered for sale during the current month reached its highest level in a decade of time at this time of the year, but the increase was greater than usual.
The data also indicated that those who move to new housing continue their lives and have adapted to increase taxes.
The demand for housing increased during the current month by 5% annually, while the number of new housing offered for sale increased by 4% annually.

Home prices in London

The prices of home in London also increased this month to a record level, but the height can be short -term due to the global uncertainty, according to Wright Mov.
The site warned that flexibility in the real estate market will be exposed to more tests due to the effects of the customs duties of US President Donald Trump on the British economy in the coming weeks and months.
If the Central Bank of England lowers the main interest rate more quickly starting in May, this will increase the purchasing power of potential buyers in the real estate market, according to Wright Mov.