Wednesday, November 13, 2013
Property Bubbles Bursting All Over the UK
An Englishman's bedsit is his castle. Which is lucky because in the present housing market bubble a bedsit is about all you are likely to be able to afford in the UK.
Illustreets has created an awesome animated Google Map of England and Wales showing the monthly volume of home sales by postcode from January 2009 to August 2013. The map provides a great illustration of how the property market in the UK has recovered since the beginning of 2009. The map also shows the seasonal patterns of property sales in the UK, dropping off in the winter months, especially in January, and rising again in the spring and summer months.
Users can adjust the value of properties that this wish to display on the map and select any postcode to view a chart showing median house prices vs. monthly property sales.