WINDMERE, Ill., Feb. 26, 2021 (AP) The housing market in the United Kingdom is on the brink of another record, according to data from real estate market tracker IBISWorld.
The median sale price for a home sold in London in December was £821,000 ($1.26 million), a record high, according a report published Tuesday.
The price for homes in the rest of England and Wales rose to an all-time high of £726,000 in November, the report found.
The figure is the highest since April 2017, according the report, which is based on sales data from the National Land Registry, a database of land titles.
The NLL is part of the Government’s National Land Survey.
It tracks the growth of land rights in England and the rest, according NLL data.
In October, the number of sales and sales-to-buy units increased in the country by more than 1.5 percent compared to the same month last year.
The increase in sales and transactions is driven by a rebound in demand for properties, including new listings, the NLL said.
“We’ve seen a lot of people in the past couple of years coming to buy,” said James McInerney, managing director at IBISworld.
“It’s a real positive trend.
It’s a very positive trend that we are seeing now, especially in terms of the number.” “
This is a real good thing.
It’s a very positive trend that we are seeing now, especially in terms of the number.”
The NLS data comes just days after Prime Minister Theresa May signed a sweeping housing bill into law that allows property developers to sell up to 20 percent of their properties within the next three years.
The bill also allows developers to apply for government support for building new homes in London, including in residential areas, if they meet certain criteria.
The housing bill also includes a provision allowing the government to offer up to 75 percent tax relief to help people purchase homes in certain parts of the country.
It also provides financial incentives for developers to build new homes and helps local authorities to help them with building the necessary land.