According to the results of the 2018, more than 14 638 houses at a cost over 1 million pounds were sold in the United Kingdom. This is the highest purchase level ever attained in the history, writes Bloomberg with reference to the Lloyds Bank research.
Purchase rate grew in Scotland, Wales and the North of England but not in London where the most amount of transactions take place, however recorded a 3% decline to 8,267 sales, compared with a record level of 8,308 purchases in 2017. The volume of transactions with houses worth more than two million pounds declined by the same amount- up to 1886.
For the past 10 years of high-value real estate boom, Lloyds stresses expected London real estate declining phenomenon. However, as noted by the Lloyds Bank specialist Santana, the valuable real estate market is still developing in other regions of the United Kingdom, primarily in the East Midlands.
Total sales growth in 2018 was 1%. A year earlier, the volume of valuable real estate purchase transactions worth more than a million pounds increased by 5%.
