Price rise could encourage home owner loans
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.
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."
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.
Nemo´s typical rate is 8.9% APR variable. A NEMO LOAN IS SECURED ON YOUR HOME. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 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.
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."
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.
