Wednesday, July 7, 2010
Category:
Home Improvements
According to the Land Registry, May data from their House Price Index has revealed an annual price increase of 8.2 percent. This marks the seventh consecutive month of positive annual figures, which has taken the average property price to £165,314 in England and Wales. Since March 2009, this is reportedly the first time that there has not been an increase in the annual change figure from the month before.
The House Price Index has also revealed a monthly change of minus 0.2 percent from April to May, which represents the first negative monthly movement since April of last year.
It has been reported that in the last 12 months, property prices have increased across all regions of England and Wales. The most significant annual price change was seen in London at 14.2 percent, whilst the North East experienced the smallest movement at 1.8 percent.
The figures also show a 37 percent increase in the number of completed house sales in England and Wales during March 2010, from 35,449 in March 2009 to 48,577.
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Homeowners who have recently moved into a new property, but do not have the money required to put their personal stamp on it, may wish to investigate taking out a secured loan to facilitate any desired work. One of many finance options available, a secured loan for
home improvements could allow borrowers to turn their new house into a home. For example, the property could be completely redecorated and refurbished to suit personal tastes and lifestyles. What’s more, homeowners may decide to embark upon a landscaping project to create that perfect outdoor space in which to enjoy those long summer evenings.
