29 September 2015. UK house prices

29 September 2015. UK house prices

According to data published by the Land Registry, the East and the South-East regions of UK are the first and the second fastest growing regions accordingly in terms of house prices growth. The prices increased by 8,4% over the last year in the East of the UK (from Hertfordshire to Norfolk), which is 2% more than the price rise in London. House prices in the South-East also grow fast, especially in popular places such as Buckinghamshire, Surrey and Hampshire located within an easy commuting distance to central London.

However, in terms of property value London leaves both East and South-East regions far behind. The average property price in the capital is £500,000, almost twice as high as average prices in the East (£210,042) and South East (£254,658).

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 consultation on tsvetlova@svetlovallp.com.

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