The Rise In The House Prices
The recent statistics:
The news shows that the average price in the area of London for trey residential houses also increased by 8,298 pounds that is well above the highest capital growth recorded In the previous year. The housing process has reached up to 552,530 pounds.
The surveys have also shown that the price of the houses in the region of England and Wales are soaring by 6.8pc that includes 16,251 pounds. This kind of rise showed that the growth was seen to be more than 11.3pc, which was never seen before. The rise in the annual growth like this was never recorded since the year 2002 and has given rise to greater house selling and buying. This kind of opportunity provides greater chances for the Property Investment Companies UK to flourish in the region.
The rise in prices is seen all over the United Kingdom, it was noted that only region where the rise in the price was not seen was Northern side as it follows the trend of 0.3pc. Other than that, Wales have seen 4.6pc rise for its property.
The director at the Right move have suggested that the increase in the price of the property comes with the greater demand of buying the property by the buyers in therein which exactly is happening here and have increased the price of the property.
The latest trend:
In Harlingen the prices had the best upward motion in which they increased by 9.5pc and the average price of a house came closer to 597,634 pounds. The places as if Camden and Westminster also faced the same situation in which the prices increased by 1m pounds. The prices were reported to be at the peak at Hounslow and Barnet with the average price of 600,000 pounds.
The Royal institution of Chartered Surveyors has stated that the prices are growing and will continue like this due to the increase in demand but they might start to lose the trend in end of the following year as well.