dimanche 1 novembre 2009

The price of UK property resume upward trend

The housing market shows signs of improvement in the United Kingdom. In October, housing prices rose by 0.4%, according to figures from Nationwide. After six consecutive months of recovery, the British stone displays the first annual increase (+2.0%) since ... March 2008. However, the upturn remains fragile. While the contraction of British GDP in the third quarter should prompt the Bank of England to keep rates close to zero next year: the cost of credit will remain attractive for borrowers. But the expected rise in unemployment could at the same time continue to weigh on the housing market.

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1 commentaire:

  1. Well I hope UK property prices continue to see growth as my Husband and I have been looking at some properties in Delhi and are considering selling up and moving there permanently as we adore India.

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