Friday, July 14, 2006
Category:
Property
Huge demand for property in London has driven the nationwide increase in housing prices, according to a new survey.
The Hometrack monthly national housing survey revealed a 2.9 per cent increase in the first half of 2006 with a 0.6 per figure of growth in June alone.
And with these steady increases in property value, many property owners could consider taking out a home owner loan if they wished to invest further in their property.
Richard Donnell, Director of Research at Hometrack, said: "Looking back over the first six months of the year there is a stark difference in performance between London and the rest of the country.
"While there is clear momentum in the market we believe that a modest cooling in the rate of growth is likely over the second half of the year."
