25 September 2015. UK property sales boost

25 September 2015. UK property sales boost

According to official data published by HM Revenue and Customs, in August the house sales in the UK reached its highest number for last 1,5 years: 106,480 homes were sold. Three summer months in a row saw sales of more than 100,000 properties.

Since the beginning of 2015 and by the end of July the UK house prices increased by 5,2%. Despite price increase, the buyers are still actively buying UK properties. Moreover, house prices will continue to rise, especially in London, because of increase in demand for property and current lack of supply.

Thus, London and other prime location areas in the UK remain a good investment. If you are planning on buying a property, please contact Tatiana Svetlova for a consultation on tsvetlova@svetlovallp.com.

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