london property prices rebound to an alltime high in march
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

London property prices rebound to an all-time high in March

Arab Today, arab today

Arab Today, arab today London property prices rebound to an all-time high in March

London property
London - Arab Today

London property prices rebounded to an all-time high this month, boosted by areas on the periphery of the UK capital, according to Rightmove.

The average price of a home coming to market climbed to 649,772 pounds ($805,000) in March, rising 1.4 per cent from a month earlier, the property website said on Monday. Values have increased 0.9 per cent annually, even as those in central boroughs stagnated. The best performing areas were Ealing and Harrow, while Kensington and Chelsea saw the biggest declines. 

London’s housing market underperformed the rest of the country during 2016 as stretched affordability, Britain’s vote to leave the European Union and tax increases on investors weighed on demand.

"It is this trend of buyers looking further afield for value that is pushing up demand and therefore prices in many outer boroughs,” said Rightmove Director Miles Shipside. "With nine months having elapsed since the referendum and stronger demand returning to the market, there are signs that prices are becoming more resilient.”

Nationally, asking prices rose 1.3 per cent on the month to an average 310,108 pounds, with the Midlands leading the gains. While UK prices gained 2.3 per cent from a year earlier, that’s significantly weaker than the 7.6 per cent pace seen in March 2016.

Even as prospects for the housing market brighten, British consumer spending is set to slow to four-year low in 2017 as inflation, weak wage growth and the impact of welfare cuts hit households, according to a separate report by the EY ITEM Club. Real consumer spending will rise 1.7 per cent this year, compared with a 12-year high of 3.1 per cent in 2016, it said.

Source :Times Of Oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

london property prices rebound to an alltime high in march london property prices rebound to an alltime high in march

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

london property prices rebound to an alltime high in march london property prices rebound to an alltime high in march

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 05:04 2017 Saturday ,16 December

Police in NY investigating rap mogul

GMT 11:43 2017 Thursday ,28 September

Google, Facebook, Twitter asked to testify

GMT 09:59 2017 Wednesday ,29 November

Meghan Markle follows Grace Kelly in abandoning acting

GMT 08:25 2018 Thursday ,04 January

UN chief welcomes reopened Korean hotline

GMT 02:18 2016 Saturday ,25 June

WADA suspends Rio 2016 laboratory

GMT 01:57 2017 Friday ,08 December

Bahraini-Turkish economic relations lauded

GMT 18:20 2017 Thursday ,16 February

Sudanese president to start official visit to UAE Friday

GMT 01:54 2017 Thursday ,12 January

Egyptian-Omani ties stable

GMT 04:43 2017 Sunday ,16 April

70m more passengers travel in trains in 2016-17

GMT 00:31 2017 Wednesday ,22 March

Mohammad launches Distinguished Students Programme

GMT 14:54 2017 Monday ,20 February

Coaching manual to help UAE teenagers deal

GMT 19:15 2017 Tuesday ,21 March

EFB ranks first in world food banks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday