Wednesday, 8 January 2014

London House Boom Puts UK Back On Track

The Telegraph has been investigating the property scene, not just in the capital but across the rest of the country, to gauge its prospects. Research, using data and analysis amassed by several leading estate agents and property experts, shows:
• How extensive the boom in the heart of London has been, with prices 27 per cent above their peak in 2007.
• How this soaring market has helped other areas by acting as an engine of wealth and a counterbalance to the economic downturn.
• How house price rises have already started to ripple out of London, initially into suburbs and commuter towns, but, in the coming years, across the rest of the country.
• How the capital’s housing market, though surging, does not appear to be out of control, since it seems to have solid foundations, making it better placed than many of its rival global cities.

Indeed, such has been the performance of the capital in recent years, supported by an ebullient property market, that experts believe it has made a major contribution to keeping the country afloat. Read more on the Daily Telegraph website.

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