Insurance News Archive
Commercial property investors buoyed by rising house prices
House prices are once again on the rise after a period of weakening inflation, according to new figures from the Department for Communities and Local Government (DCLG).
The UK house price inflation rate rose from 3.3 per cent in March 2006 to 5.1 per cent in April 2006, sparking increased confidence among commercial property investors.
Prices rose by 0.9 per cent between March and April, compared to a fall of 0.8 per cent seen over the same period last year, proving that the housing market remains strong.
According to the DCLG the rise in UK prices between March and April can be attributed to rises in average prices for all property types, in particular for terraced houses and semi-detached houses.
Regionally, house price inflation rose across all areas of the UK in April, with Yorkshire and the Humber performing best with an annual rate of 8.9 per cent.
Those investing in London are also benefiting from strong capital appreciation, with house price inflation here growing 7.1 per cent.
14 Jun 2006