Welcome to British Expats Abroad
  • Results 1 to 2 of 2
    Like Tree1Likes
    • 1 Post By Jjoseph

    Thread: UK Property Market

    1. #1

      Join Date
      Feb 2011
      897 times
      Ktee is on a distinguished road

      UK Property Market

      The UK property market keeps splitting into two segments, with high-end property prices currently rising as the rest of the market declines.
      Asking prices for prime properties – the top quarter of the market by value –increased by 0.5% in September, continuing a seven-month rally, according to the latest index from property website PrimeLocation.com.
      Its monthly index reveals the asking price of a UK prime property is currently £472,340.
      The general market – where asking prices fell 0.2% in September –comes with an average asking price of £219,943, reflecting a second consecutive monthly fall.

      PrimeLocation notes it means the gap between the top end of the market and the general market is now wider than ever, with the average prime property on the market for 115% more than a typical UK home.
      The gap between the two groups has been steadily rising since the index launched at the end of 2007.
      The other widening gap is between north and south.

      According to the Rightmove house price index average property prices in the south stand at £336,740 – which is more than double those in the north at £164,347.
      It was the widest north/south price divide Rightmove has recorded.

    2. Moneycorp - Commercial foreign exchange since 1979
    3. #2

      Junior Member
      Join Date
      Feb 2013
      3 times
      Jjoseph is on a distinguished road
      Actually still the prices are not stable. Real estate market and the business are still no more attractive for the investors. Just still the average business is being driven for the last 8 years. The international economical conditions are still suffering from the lack of investment and the losses so that is why this sector is being also effected like other sectors.
      It is a matter of Fiscal policy where the state has to be involved for the improvement.
      Aldo likes this.
      Byron Quarter Holiday Apartments
      8 Byron Street Byron Bay NSW 2481 Australia