2009 – The Year of 2 Halves
It is undeniable that 2009 ended on a high, despite property sales remaining 6.8% lower than 2008.
According to research by popular property portal Zoopla.co.uk during the last 2 quarters of 2009, property prices rose by 4.7% – a 2.5% gain for the whole year.
And it would seem that this boost occurred across the whole of the UK property market – an event that property advisors are describing as a dramatic turn around compared to the first half of the year which witnessed property price falls…
Continuing in their research, Zoopla divulged that:
- Property exchanges rose by 2.3% across the 2 halves, with 273,015 property investments changing hands at the beginning of the year – down 36.9% from 2008 – whilst in the second half 421,732 properties changed hands – only 34.6% down from 2008
- Property prices dropped by 2.2% in the first half of the year whilst in the second they managed to rise by an impressive 4.7% – a gain of 2.5% for the whole year
Property advisors are attributing this rebound in property prices towards the end of 2009, a year which is now known as a year of ‘2 halves’, to increased interest from homeowners and property investors.
Inspired by tempting property prices and low stamp duty thresholds, property investors confessed that this mini boom inspired them to invest in property again.
Related posts:
- 2009 – The Year Of Private Investments
- Asking Prices Rise Year On Year By 5%
- Auction Properties Sold At 21% Below Value
- Top Ten Property Price Gains – REVEALED!
- Property Prices To Boom During 2010!
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