| UK Investment Opprtunities |
The Halifax Bank released their quarterly UK House Price Index. Brief index as follows
- House prices increased by 2.0% in April and by 4.4% in the first four months of 2006.
- The market is supported by solid fundamentals. They are: a strengthening economy, high levels of employment and low interest rates. These factors will continue to support the market over the remainder of 2006.
- "The housing market in London is starting to pick-up momentum after flatter performance in 2004 and 2005 and is now seeing stronger growth than the UK average."
- The average price of a house in Greater London is currently £258,511, almost 50% higher than the UK average of £172,979.
- · House prices in Greater London rose by 0.5% in 2006 Quarter 1. The annual rate of house price inflation in Greater London is now 7.2%, higher than the UK average of 6.2%.
- Over the past five years house prices in Greater London have increased by 64%.
- Over the last ten years flats and maisonettes properties in the Greater London have seen the strongest growth, increasing by 248% from £72,522 in Q1 1996 to £252,239 in Q1 2006.
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Further confirmation that UK property and in particular the Wimbledon project is an excellent investment.
Wimbledon Details
This is a new off-plan development by David Wilson Homes, in Wimbledon, London, SW19 and gives you a way of entering the UK property market with low costs and low risk.
Property should be considered as a medium to long term investment, but this project also has excellent potential for capital growth even before completion, and requires an investment of just 10% of the purchase price with nothing more to pay for the next two years. Property prices in London are starting to go up again, and there is always a demand for good quality flats in prime areas with excellent transport links.
Prices are substantially discounted from the current market value and start at £200,000 (including underground parking) in an excellent location for capital appreciation and high rental demand. Prices for flats in a comparable new development nearby from Barratt Homes start from £250,000 plus additional cost for parking with completion due later this year!
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Click here to dowload the Plough Lane for Wimbledon
For more info please contact:
Tel: +27 21 556 9009
Click here to email Debbie |
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