Property prices rose 6.8 per cent in January 2014 up from 5.5 per cent in December, and at the same time rents rose 1.6% in February 2014 making the average rent in England and Wales £743 per month. With the good news that property prices are increasing and rents are rising, it shows buying a property for a long term investment is still a great way to get a good return for your money.
Plaza Estate (http://www.plazaestates.co.uk (http://www.plazaestates.co.uk))
With 47,550 mortgages worth £7.7bn being approved in February 2014 and the average property price now being £254,000, the confidence in the property market is growing and as such investors from all over the world are now heading to England to get in at the ground floor for a high return on their investment.
A spokesman for Plaza Estate said: “The property market in booming at the moment in Central London and as such London has become a great place to invest money in property to get a good return on their money.”
Central London property market has seen a huge increase in the number of foreign buyers which is good news for people looking to sell their home. With more buyers coming from abroad from countries such as America and Russia looking for property investment in Central London, it is helping to push the property prices up which means more money for the person selling the property.
Plaza Estates who are experts in selling and advising on buying property in Central London can be contacted at http://www.plazaestates.co.uk where you can see all the properties that are currently being sold as well as important information on property.
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