Wednesday, November 9, 2011
Well here it is…
House prices soar by nearly Â£2,000 in October as property market makes welcome recovery Read more: http://www.dailymail.co.uk/news/article-2058860/House-prices-soar-nearly-2k-October-property-market-recovers.html#ixzz1dCQ2Uqa3
'Low interest rates have been pivotal in bolstering home values, while the re-emergence of 90 per cent loan-to-value mortgages has helped offset buyers concerns somewhat about the direction of the wider economy. 'With rents at record highs across much of the country, buying a home makes excellent financial sense to those who can secure mortgage finance. 'Long-term investors and homeowners have seen the greatest financial benefits of buying property.' He continued: 'Even accounting for the housing market down-turn, the average homeowner has seen their home increase in value by 75 per cent in the past 10 years. 'As long as the UKâ€™s population growth outstrips the supply of new homes, demand for property will mean homeowners will see strong long-term capital appreciation.'