Overseas property market｜Breakdown of hot spots for immigrants to the UK!Breaking down Nottingham and Birmingham property market prices

Nottingham, UK(Nottingham)The city council is unable to balance its budget and will overspend.2,300million pounds(about2.2billion Hong Kong dollars)thus declaring bankruptcy, following Slough(Slough)Croydon(Croydon)and Birmingham(Birmingham)Later, it became the fourth city to declare bankruptcy in recent years.Nottingham, a city in central England, and Birmingham in the West Midlands are the destinations for many Hong Kong people to immigrate to the UK. The former is a member of the Commonwealth of England and Wales.105Among postal codes, property prices ranked No.29It is the cheapest area, while Birmingham, the second largest city in the UK, ranks second.40Bit.

Overseas property market｜Overall property prices fall1.2% Buyers’ bargaining power increases

British real estate agency platformZooplaannounced,11The latest data for the month shows the past12In the past month, overall local property prices have fallen on average1.2%,to26.46million pounds(about26210,000 Hong Kong dollars)the current bargaining power of buyers is high, and the average bargaining discount is5The highest in years, namely5.5%equivalent to1.8million pounds(about17.810,000 Hong Kong dollars)。

Just when everyone thinks that the Hong Kong property market is constantly bottoming out and returning to2015When house prices fell in 2018, the British property market was not far behind, with nearly3Year-on-year growth in UK real estate(Only includes England and Wales)Average price fell year-on-year13.2%.In fact, benefiting from2019Driven by factors such as a large number of Hong Kong people immigrating to the UK since 2018, the British government’s stamp duty exemption, and policies to help first-home buyers, the average property price has increased from2019annual35.8million pounds(about35110,000 Hong Kong dollars)Climb up the stairs.up2022More than12%,to40.2million pounds(about39510,000 Hong Kong dollars)then peaked and fell back(see chart)entering this year, in response to the inflation and high interest rate environment, the latest average property price report34.9million pounds(about34510,000 Hong Kong dollars),return3years ago level.

Overseas Property Market｜House Price Cheapest List Nottingham column29Bit

Troubled by high interest rates and inflation, transaction volume in the British property market has also plummeted, and the two major bankrupt cities have not been far behind.According to British information websitePlumplotData show that from last year11month to year10According to monthly statistics, the average property price in Nottingham is24.1million pounds(about23910,000 Hong Kong dollars),past12Monthly average price increase1,800GBP(about17,836Hong Kong dollar)or1%among which the average price of second-hand properties is23.9million pounds(about23710,000 Hong Kong dollars);The average price of first-hand properties is32.4million pounds(about32110,000 Hong Kong dollars)。

As for Nottingham’s overall transaction volume in the past year, it has fallen sharply year-on-year.31%,to11,900Partner.Most popular properties sell for15Wanzhi20Between 10,000 pounds and 10,000 pounds, accounting for the entire24.6%,followed by10Wanzhi15million pounds, accounting for the whole18.6%.in England and Wales105Ranked 2nd in the list of cheapest properties in postal districts29Bit.

Overseas property market｜Birmingham transaction volume fell by 30% Price rise3%

In addition, the average property price in Birmingham during the period was28million pounds(about27510,000 Hong Kong dollars),past12Average monthly property price rise8,700GBP(about85,412Hong Kong dollar)or3%among which second-hand property building prices27.9million pounds(about27410,000 Hong Kong dollars)the price of new first-hand properties is30.9million pounds(about30310,000 Hong Kong dollars).Birmingham’s overall transaction volume over the past year was16,200Man, year-on-year decrease31.2%the vast majority of properties are sold for15Wanzhi20between 10,000 pounds and 10,000 pounds, accounting for 10% of the overall trading volume21.5%,followed by20Wanzhi25million pounds, accounting for the overall trading volume19.1%.The average house price in Birmingham is28million pounds, ranked 1st in England and Wales40The cheapest and cheapest.

Written by:WendyGlobal real estate agency

The original article was published on AM730