“Despite the doom and gloom, the UK property market is still full of positives,” claims property expert Assetz. The five major UK house price indices show an average of 8.3 per cent growth for the 12 months prior to November 2007. As predicted, annual growth ended last year at a level of between seven to eight per cent. These figures show that average house prices remained strong, with just a marginal fall.
Stuart Law, Chief Executive of Assetz, said, “while there has been much suggestion of a problematic era for the property market, there are many more positive signs for the year ahead. With latest buy-to-let figures outweighing any negative outlook, it is reflecting a hugely successful year for the property investor in 2008.”
Editor: Simon Weston myfirsthomeltd.co.uk
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