You are here: Home - Uncategorized -

London house sales increase by 100% in a year

0
Written by:
18/01/2006

Confidence in the housing market is back with a 100% increase in activity levels in the capital in December from 12 months ago, according to figures from Haart estate agents. And average house prices in London increased by 1% over December. The average price of property in London is now £233,317 up from £230,852 in November.

 The London housing market finished the year on a high with prices rising by over 3% throughout the last quarter of 2005. High salary levels, a shortage of good quality stock, record Christmas city bonuses and renewed confidence have all contributed to boosting prices.

 

Along with increased sales transactions there are early signs that first time buyers are coming back with a vengeance with 1% increase in first time buyer levels to raise it to 23% in December from 22% in November.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Time-wasters mean house sales fall through

More than 2.5 million people have seen house sales fall through in the past five years with time-wasting buyers or...

Close