Wednesday, June 7, 2006
Category:
Finance News
House price inflation declined to 3.6 per cent from 4.3 per cent in February, according to new figures from the Office of the Deputy Prime Minister (ODPM).
It is claimed that the average UK property cost £183,224 in the second month of the year, a reduction of £2,180 compared to January.
Yet despite these figures, property remains an excellent investment opportunity, with analysts pointing out that they are based on completed sales, rather than mortgage approval levels of estate agent prices.
First time buyers are also returning to the market, according to a report from haart estate agents, which suggests that property is still a sound investment.
In addition, February is traditionally a slow month in the property sector, with a significant increase in activity usually witnessed during the summer months.
