UK has Third Highest Annual Increase in House Prices

Surprisingly enough, it is Estonia that tops the list of highest annual house price increase (in line with their economic growth since 2010). Following that comes Ireland with a 12.5% increase y-o-y and then the UK at 10.2%. 

The UK property market "bubble" has now been well documented and we start to wonder whether the bubble should actually now be referred to as a full-blown boom. It has been reported that over the next 5 years, certain areas of the UK are expected to witness house prices to further soar by 30%. Real estate website, Rightmove recommends the following areas for the best projections:

• Southampton
• Luton
• Brighton
• Swindon
• Enfield

These figures are especially impressive when compared to some of our European neighbours of close proximity. After the recent years of crisis, Spain is thankful that prices are no longer dropping to such devastating effect and we can safely call it "stable" at a figure of 0.8%. Whilst property prices in France have reportedly dropped by 1.1%.

These statistics present a range of good news to a certain few.
1. If you are an investor in the UK market who purchased a property over recent years, you are probably enjoying the increase in your bricks and mortar value.
2. In addition, if you are looking to relocate or purchase a 2nd home abroad then Spain and France do now still offer some interesting options (especially if you have already benefitted in the increase of your UK property value!)

If, however, you are seeking to snap up a prime property deal in foreign lands then perhaps you should be looking at the other end of the scale. Slovenia could be the place to snap up a bargain home as stats show a 9.8% house price FALL. Italy is keeping its distance from the bottom spot at -4.8%.

As experienced property professionals, Dawson & Associates helps clients to identify the right property investments, and that includes properties abroad. We are able to survey an investment prospect to ensure that it has been constructed to the standards that we would wish for in our home country. Alternatively, if the property does require additional work, then we can report those faults so that they can be negotiated on the for-sale price. Currently we recommend a specific development in the French Alps and we are familiar with the best property options currently available on Spain's Costa del Sol.