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Investment

The UK has been one of the strongest of the European property markets in the past five years. The height of the housing boom was in 2002, 2003 and 2004, with more modest returns in 2005 based on a number of increases in the Bank of England interest rates, which led to fewer investments in property amongst UK nationals. There is, however, evidence to suggest that the property market is beginning to increase once again, albeit not to the dizzying heights of the early 00's rises. A recent Halifax bank survey suggests that house prices have risen by 4.4% during the first four months of 2006. If this trend were to continue, the average price of a house in the UK would be 13% more expensive than at the start of the year.

The current average price of properties in UK is as follows:

Overall average - 199,000
Detached property - 300,000
Semi-detached property - 180,000
Apartment - 186,000
Terraced - 158,500

The prices above represent an increase of nearly 8% based on the previous year.

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