Have a question?
033 3772 0409

Legal News

Homeowners Welcome Weekly Rise In House Prices (20 September 2011)

Date: 20/09/2011
Duncan Lewis, Legal News Solicitors, Homeowners Welcome Weekly Rise In House Prices

House prices in Britain have been increasing at a rate of around £100 each week, recent research has uncovered. Property experts analysed the prices of more than a million homes and concluded that across the UK, house prices have, on average, increased by 1.7 per cent since the start of 2011. This is the equivalent of £3,667. Experts claim that a shortage of homes has resulted in a rise in property prices. The survey also showed that homes are being sold nine days faster than at the beginning of the year.

FindaProperty analyst Samantha Baden reports that the increase in house prices reveal that confidence in the property market remains at a steady state. Miss Baden claims that despite the economic climate, property has proven itself a solid investment and describes the growth as “encouraging”.

While house prices across Britain may have risen, Wales has seen a reduction in house prices since the beginning of the year. Scotland, meanwhile, saw the greatest increase in asking prices. Significant rises were also witnessed in the West Midlands and the North East.

Giles Atkinson, director at Atkinson McLeod estate agents, claimed that a range of factors influence house prices, including the number of homes for sale. Mr. Atkinson revealed that stagnant interest rates, stock market turmoil, and the euro debt crisis are just three of the factors that are encouraging property investment.

Conveyancing solicitors at Duncan Lewis are able to ease clients through the process of moving home. The department offers an extensive, professional property service in the absence of incurring undue legal costs.

Call us now on 033 3772 0409 or click here to send online enquiry.
Duncan Lewis is the trading name of Duncan Lewis (Solicitors) Limited. Registered Office is Spencer House, 29 Grove Hill Road, Harrow, HA1 3BN. Company Reg. No. 3718422. VAT Reg. No. 718729013. A list of the company's Directors is displayed at the registered offices address. Authorised and Regulated by the Solicitors Regulation Authority . Offices all across London and in major cities in the UK. ©Duncan Lewis >>Legal Disclaimer, Copyright & Privacy Policy. Duncan Lewis do not accept service by email.