Discounted UK Residential Property - News
UK property market is 'still important in Europe' - 09/11/2010
The UK is still a "strong and important property market in Europe", according to Nubricks.com.
A strong euro and weak pound mean that European buyers looking for a good investment are being attracted to the British market over those closer to home.
Figures released from Halifax this week show that house prices ended 2009 on a high after the strongest quarter of growth since July 2006. The estate agents Savills expects the trend to continue with prices increasing by 40% in the next decade.
Adam Samuel, director at Nubricks.com, believes that currency fluctuations are one of the biggest factors affecting the market at the moment.
He said: "Their euros and other currencies go further and obviously they know about the UK property market and the longevity and good movement of the UK property market."
He added that it was still a "strong and important property market in Europe".
Turkey is another country which is expected to benefit from being outside the eurozone this year in terms of both tourism and investment.
UK's confidence in property market 'at pre-credit crunch levels' - 06/01/2010
Confidence in the UK property market has returned to pre-recession levels, according to new figures from Zoopla.co.uk.
The property website found that 81% of people now expect house prices to rise in the next year. This is compared to around 20% of people at the beginning of 2009.
Average increases are expected to be at a rate of 5.4% per year and if prices do rise at this rate they could outstrip the market estimates given by Savills this week.
Savills predicted that the property market would increase by 40% in the next decade based on the assumption that prices would rise by roughly 3.4% per annum.
Nicholas Leeming, commercial director of Zoopla.co.uk, said: "...With increased confidence amongst owners about putting their homes on the market to match the pent-up demand from buyers, we could see a welcome boost to the recovery of the housing market."
The black spot on the horizon was that three-quarters of people believe that it isn't any easier to get a mortgage now than it was three months ago.
Residents in Scotland are most optimistic about the market and those living in Northern Ireland are least likely to expect house prices to increase.
