Tuesday, September 2, 2008
Dying embers of the property ramping articles
IN PREVIOUS YEARS it was a no-brainer for parents with enough cash to buy a flat for their son or daughter to live in while at university, as the rising property market promised good returns on the investment. However, with house prices crumbling and the credit crunch in full swing, parents of students beginning a degree course this year will be thinking hard before following the same well-trodden path. Below is a table showing the towns that have seen the biggest rises over the last five years. Although, as everyone should know by now, past performance is no guarantee of future success.... House price increases in the last 5 years: Belfast 105%; Dundee 101%; Bangor 100%; Aberdeen 95%; Bradford 94%; Swansea 87%; Paisley 86%; Salford 81%; Hull 79%; Middlesborough 79%.