1 August 2011
Assetz, a property investment advice firm, have released figures that have shown a consistent increase in house prices over the first half of 2011.
The average UK house price in June wa apparently £198,908, this is a £3,483 rise from the £195,425 recorded at the start of the year in January.
Stuart Law, Chief Executive of Assetz, commented: "Looking at all the house price data together, it is clear that the overall trend is one of positive growth in the last six months, with pent up demand from people who need to move and the rapidly growing appetite of buy-to-let investors supporting price growth." He also claimed that property is still considered one of the safest investments for producing strong income.
Mr Law went on to say: "The availability and interest rates of mortgages are also improving each month, steadily reversing the finance famine which has restrained the market from an earlier recovery." Although he has warned that the good progress of the market could be endangered if the Bank of England doesn’t raise interest rates slowly and cautiously.
