UK Property Market

The Gap in London Property Prices Increases

Surveys point that in the course of a year London Home prices go up by at least 3 percent more in comparison with other cities in England And Wales. Last year, the average price of a property in London Increased by 11.6 percent, while home prices in England And Wales Rose by 8.3 percent.  On average, in March 2007 the actual property price in London Was £323,511, compared with £178,423 in the other two regions.

Specialists note that this is the highest annual rise over the last two years.  However, the most dramatic change was recorded in Brighton And Hove, where prices increased by 14.7 percent.  The smallest increase was registered in Nottinghamshire, where property prices went up only by 1.9 percent over the last year.

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