Monday, June 27, 2005
UK House Prices Fall
House prices in the UK have fallen again according to Hometrack, the property database. Prices fell by a further 0.2% this month. This is now the 12th month that UK house prices have shown a fall. The cost of an average house in the UK is now £161,000 down from £167,700 in June 2004. This represents an annual fall of 3% in UK property prices.
This explains why recently many Britons have been looking overseas for property investment. Property prices are currently rising in other countries and Britons looking for a holiday home or property investment would be well advised to condider buying abroad. Independent advice on holiday homes and overseas property investment is available at Overseas Property Advice and at Passport to the Sun. The Independent Overseas Property Guide advises on buying a home abroad. A Place in The Sun provides a useful discussion of the current top 20 places to buy a holiday home.
This explains why recently many Britons have been looking overseas for property investment. Property prices are currently rising in other countries and Britons looking for a holiday home or property investment would be well advised to condider buying abroad. Independent advice on holiday homes and overseas property investment is available at Overseas Property Advice and at Passport to the Sun. The Independent Overseas Property Guide advises on buying a home abroad. A Place in The Sun provides a useful discussion of the current top 20 places to buy a holiday home.
