A Promising Pulse in the UK Property Market

A PROMISING PULSE IN THE UK PROPERTY MARKET! FINALLY, SOME REPRIEVE FROM THE ECONOMIC RUT! U.K. home sellers raised asking prices for a fifth consecutive month, pushing values to a record and giving the market its best start to a year since 2004.7 (source: Bloomberg) THERE'S NO PLACE LIKE HOME, ...UNLESS YOU'RE IN SEARCH OF A NEW ONE - AND THAT'S JUST WHAT UK HOMEOWNERS ARE DOING! **RECENT, REAL ESTATE TRENDS INDICATE THAT NOW, MORE THAN EVER, THE UK PROPERTY MARKET IS SIZZLING UP IN FAVOR OF PROSPECTIVE SELLERSI** FROM DEC. 12 - JAN. '13: UK REAL ESTATE PRICES ROSE 0.2% to £229,429 AS OF MAY 2013, HOUSING PRICE INDEX ROSE AN ADDITIONAL 2.1% £249,841 = CURRENT AVERAGE MARKET PRICE OF UK HOMES ACCORDING TO THE CENTRE FOR ECONOMICS AND BUSINESS RESEARCH (source: Rightmove, 2013) 22% current average of prospective home sellers the UK 1 OUT OF 10 new home sellers in the UK are moving on their own volition THE AVERAGE HOME VALUE IS EXPECTED TO 2014 REACH E223,000 2018 E261,000 TO NEGOTIATE, OR NOT? 37% **2013 MARKS THE LOWEST REDUCED their 31% PROPORTION RECORDED original asking price in 2012 REDUCED their OF MARKED-DOWN PROPERTY original asking price in 2013 IN OVER 22 YEARS. LOFTY IDEAS WITH THE PROSPECT OF POSITIVE RETURN ON INVESTMENTS, many homeowners undergo remodeling jobs to increase their property value. alum movlestie lum trerit HALIFAX Agents reports that more than 40% of its members believe creating additional LIVING SPACE is the BEST way to The National Association of Estate Prabifoesent Ae mauris. Pha Donec lacinia fer ipsum au ullamcor susvariu O INCREASE the value of a PROPERTY. According to a recent study conducted by Halifax. 40% Fusci mor! LOFT CONVERSIONS ARE THE #1 WAY TO cons Pral Jast ADD PROPERTY VALUE WITHOUT LOFT WITH LOFT Halifax found loft conversions to on average increase home values 2X as much as the amount invested 33 A further sign of market recovery is when investors look to property to achieve good returns. The majority of professional property investors appear to have spotted that now is the time to increase their investment, and they are obviously confident that prices are not going to get cheaper. 77 BE SMART ABOUT YOUR PROPERTY INVESTMENT (source: Bloomberg) OPTIONS. LET THE EXPERTS AT LOFTOF FTUK LOFTCRAFTUK.COM TURN YOUR HOME CONVERSION PROJECTS INTO PRACTICAL RETURN ON INVESTMENTS! sources: http://en.wikipedia.org/wiki/Loft_conversion http://www.independent.co.uk/property/house-and-home/an-im- proving-market-more-housesellers-stick-to-the-asking-price-8503496.html http://www.guardian.co.uk/money/2011/may/03/loft-conversions-biggest-boost-house-values http://www.telegraph.co.uk/property/renovatinganddi- y/10061490/Loft-conversions-meet-the-new-generation.html http://online.wsj.com/article/SB10001424127887324624404578253960846727372.html http://www.ibtimes.co.uk/articles/426067/20130121/house-prices-rightmove-price-index.htm http://www.bloomberg.com/news/2013-05-19/u-k-home-asking-pric- es-increase-2-1-to-record-rightmove-says.html