House Prices Rising

The housing market seems to be going from strength to strength at the moment.  Asking prices have risen for 11 consecutive months with and increase last month of 0.7%.  The average entry level price for a house is approximately £155,242.  If you are looking to buy a house for the first time now could be a good time to get hunting as prices are going to continue to increase, and although stamp duty does not apply on purchases under £250,000 for first time buyers they still need to have a significant deposit to get into the market.

An article from find a property ““The building blocks are present for a sustained recovery, but we do need lenders to step up to the plate and free the purse strings for first-time buyers.  That will not only help the buyers themselves, but also the market overall and the wider economy.””

It could also be good to look into a property for investment purposes as there is currently a huge demand for rental properties in many areas of London, which means there are people out there looking right now!  But this is not something you should enter into lightly.  A huge amount of research is required to find the right investment property however there are many avenues which can help you along the way.  Getting your finances in shape is also one of the keys to getting started with property investments, as depending on how long you keep the property expenses will vary.

To read more about the topics above click on the link below

http://www.findaproperty.com/displaystory.aspx?edid=00&salerent=0&storyid=23504