Salient to Investors:
Adam Challis at Hamptons Intl said:
- UK home prices will rise 2 percent next year driven by gains in the Midlands and northern England, then will climb another 2 percent each year through 2015 and 4 percent the following year.
- Values have fallen to a point where homes are becoming attractive to buyers, especially in the North and the Midlands, where prices will gain 3 percent in 2013, the most of any UK region.
- The yawning gap between London and the rest of the country will moderate. The north and south of England will advance 2 percent while London will be little changed. London prices will stall next year on increases to property-transaction taxes and concerns of an annual tax on luxury properties.
Knight Frank said homes in London’s most expensive neighborhoods are now 15 percent above the March 2008 peak.
Read the full article at http://www.bloomberg.com/news/2012-11-02/u-k-home-prices-to-rise-most-since-2009-on-midlands-gain.html