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UK Housing Cycle

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Depending on location, regions within the UK are at different stages of a housing cycle. Liverpool and Manchester are enjoying steady increases in property prices, with both cities enjoying industry growth. Conversely, property prices have stalled in places such as Aberdeen and some areas of London. Other parts of the UK have yet to see the knock-on effects of recent growth in London and the South East.

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UK Housing Cycle

  1. 1. UK HOUSING CYCLE ALI SEYTANPIR �Finance
  2. 2. 2 UK Housing Cycle ALI SEYTANPIR �FINANCE UK Housing Cycle Depending on location, regions within the UK are at different stages of a housing cycle. Liverpool and Manchester are enjoying steady increases in property prices, with both cities enjoying industry growth.
  3. 3. 3 Conversely, property prices have stalled in places such as Aberdeen and some areas of London. Other parts of the UK have yet to see the knock-on effects of recent growth in Lon- don and the South East. Glasgow and Newcastle are among the handful of cities where property prices remain at or lower than 2008 levels. It is a confusing housing market where housing transaction figures have stayed static for four years, at 1.2 million per annum. The slowdown in the market has been particularly noticeable in parts of London previously considered prime areas. These areas have seen a 20% reduction in annual turno- ver over the past four years. The gap between asking and selling prices indicate a chan- ge in vendor/ buyer dynamics. Currently standing at 10% in Central London, this gap shows there are fewer buyers - which is therefore making increased demands on sellers. This jour- ney of price discovery looks set to continue across the UK. Glasgow and Newcastle are among the handful of cities where property prices remain at or lower than 2008 levels.
  4. 4. To learn more about developments in property market trends, visit the blog of Ali Seytanpir.

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