Thursday, March 11, 2010
Category:
Property
According to the Land Registry’s House Price Index, the January data shows a 5.2 percent change in property prices on an annual basis.
This reportedly marks the second consecutive month of positive figures, and has taken the average house price in England and Wales to £165,088. A rise of 2.1 percent was recorded between December and January.
Findings have shown that average property prices in seven regions of England and Wales have increased during the last 12 months, with London experiencing the greatest rise at 10.5 percent. In contrast, the most significant annual price decrease was found in the North East at minus 3.4 percent.
In monthly terms, it was revealed that the greatest house price rise was in London at 3.9 percent, whereas the North East experienced the greatest price fall at minus 1.3 percent.
With regard to completed house sales in England and Wales, findings show a 54 percent rise in November 2009, which took the number from 36,091 in November 2008 to 55,715.
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Homeowners who have recently moved into a new property, but do not have the funds required to put their personal stamp on it, could consider taking out a secured loan to fund any desired projects. One of many finance options available, a secured loan for
home improvements could allow borrowers to completely re-decorate and re-furbish their new home to suit their personal tastes and lifestyles. Furthermore, borrowers who enjoy spending time outdoors could even consider having their new garden landscaped if necessary, in preparation for the forthcoming summer months.
