Good News For the UK Property Market

Mark Goldberg, Head of Residential Sales at the one of the UK’s most prestigious real estates firms, Hamptons International, believes that signs of a dramatic improvement in the UK property market mean those wishing to sell have a chance three times greater than a year ago.

Hamptons report that in 2009 there has been a month-by-month increase in activity across the property sales market, with London and the Central England region performing particular well. Renewed health and confidence in property buying and letting in the some regions is likely to galvanise the broader national market as demand increases.

Since March 2008, Hamptons state there has been a phenomenal 87% increase in sales agreed, with prices across the country undergoing stabilisation unseen in recent years.

Furthermore, research conducted by Hamptons International suggest a greater demand for high-end and luxury properties for sale or for rent, encouraging more competitive rental pricing. This comes as welcome news to some markets that have experienced a comparative lack of interest in the past year or so, particular in the inner and central London areas.

During times of economic crisis,one of the key indices used to detect and evaluate the recovery period is restored balance and growth in the property market. Given that rents and mortgages account for a large proportion of people’s income, it is understandable that consumer confidence is vital to the recovery of the property market. The most recent surveys and research conducted by Hamptons International offer a glimpse of hope then, re-establishing confidence for those interested in longer term and profitable property developments and investment adventures.

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5 Responses to “Good News For the UK Property Market”

  1. smell the coffee Says:

    So an Estate Agent claims the property market is on the up? Shocking! Who’d have thunk it? And who did they ask about how the market was? Their own employees! Unsuprisingly, they report an increase in their own ‘sales agreed’ (A figure that could easily be picked out of the air and impossible to verify)… amazing.

  2. I agree its pure spin and what is happening now is a dead cat summer bounce. Can anyone in plain English explain why house prices need to go up for ever? in 100 years we will all own billion pound terrace houses!!

  3. Nice Blog for Real Estate People.

  4. It has to be mentioned that some of the rising prices is due to the very low number of properties available to purchase.

  5. At LettingFocus we think that a major factor now affecting house prices has to be the growth of the rented sector. This could reduce the importance of the oft quoted link between house prices and earnings. What maybe counting for more in the future (as a key factor determining house prices) is the renal yield potential.

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