If you want to know what is happening in the UK property market, the Financial Times Property Index is the best way understand the trends. There are many indices, but the Financial Times Index is the only one which takes all property in the UK into account. This is what they had to say for June 09.
House prices in June fell by 0.3%
The average price of all property transactions completed in England & Wales in June 2009 was 0.3% lower than in May – the lowest monthly fall since April 2008.
“The monthly % change at -0.3% is one seventh of the peak monthly fall recorded some six months ago, at -2.2% in November 2008, and the data do suggest that the sharpest falls are behind us and that the rate of decline has now slowed significantly.”
If you want to read the report, along with regional analysis then go towww.ipsinvest.blogspot.com
Go to www.ipsinvest.com for more information on the UK market and the current opportunities.
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