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Monday, 8 February 2016

UK House Prices Continue Rise

Property prices are expected to rise this year as building lag has fuelled the demand for houses. However, investors stated in The Buy2LetShop reviews that they are not willing to put their money into wrong hands. In January, the average property price amplified by 0.3% and is 4.4% higher than it was a year ago. Nationwide stated that the average property price in the UK was relatively low compared to January 2016. The figures confirmed the quarterly growth of 1.3% widely in line with the past three quarters. 

As seen, house price growth was sluggish in the beginning of 2015 but picked up the pace in the latter months. Although the house registered with agents saw a drop in December but saw higher sales in the same month last year and 10 times more the number of properties available in the beginning of 2016. For additional information on the UK house price hike, you can refer to http://goo.gl/hdy9BP

Customers have confirmed in The Buy2LetShop reviews that they have been affected due to the sudden price hike. However, builders deny the fact that they are hoarding land to raise prices confirming only 40000 plots are shovel ready.

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