09.25.09
UK property prices on the up
A little optimism is returning to the UK property market. This will have a positive knock on effect for the property market in the Canary Islands.
Recent figures have shown that property prices in the UK are at a five year high. The figures were published by the ‘Land Registry office’ who are seen as a very reliable source of information in this field.
The report goes on to say that the increases in prices are especially market in London based property. House prices increased by 1.7% in July, this being the largest single increase since July 2004.
The land registry office were not alone in quoting this good news. In agreement with them are Savills who reported sales in the London area rising by 52% on the same period a year ago. Marking a three year high for them. The largest players being cash rich investors snapping up bargains.