UK Property Market Beats European Deficit
Many of the governments political parties may want the UK to join the Euro, but this could be a fatal mistake if recent research by estate agents is accurate…
According to the Royal Institution of Chartered Surveyors (RICS), the UK is becoming increasingly popular amongst overseas property investors who have revealed that they would rather invest in the UK than take the risk of investing in ‘vulnerable’ areas of Europe.
And unsurprisingly this increased interest has resulted in a greater surge in property prices…
In their report, RICS divulged that a total of 17% more estate agents saw an increase(rather than a drop) in property values in March, with London in particular leading the way with an increase from 32% to 55%!
Commenting on the condition of UK property market, economists strongly believe that the UK’s deficit is relatively more stable than the rest of Europe, such as Spain and Greece, due to the Euro’s growing influence on Europe’s economy.
As long as the UK continues to remain separate from the Euro, they are confident that the UK will remain a strong and enticing market place for overseas property investors to invest.
The fact that in Kensington alone, 80% of their buyers are from abroad is proof that the UK property market is important to Britain’s economy. We can only hope that the whoever comes into power in the coming weeks will make the valuable decision to keep the UK separate…
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- UK Ranks Top 5 For Property Price Increases
- How To Make Money From The Property Market
- How Will The Emergency Budget Influence The Property Market?
- Gloomy news from UK Estate agents on the UK market
Tags: overseas property investors, property investors, property market, property prices
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