Property prices rise across London and UK, studies show
www.moneynews.co.uk > Mortgages > Property prices rise across London and UK, studies show
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Money News |
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Property prices rise across London and UK, studies show
Mon 25th Jul 2011
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The largest rise was centred in London, while the north-east region saw properties lose the most value.
Within the capital, further studies from key mortgage lender Lloyds TSB demonstrated the effect the Olympic Village has had on property prices, with values in the closest 14 postal districts rising by 28 per cent since London was awarded the Games.
Overall, average house prices across the UK now stand at £216,260 with London "powering ahead of the pack with average values now at their highest level since January 2009", said Nicholas Leeming, business development director of Zoopla.co.uk.
"There is still some uncertainty over the future of the economy," he added.
However, signs suggest that confidence in the market is draining as many customers do not expect the value of their houses to increase over the next six months, according to property data firm Hometrack and a further survey by Zoopla.co.uk of customer attitudes.
Click here for more mortgages news
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Related News : LloydsTSB |
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