House prices rises 'not sustainable'

House prices rises 'not sustainable'Over the last ten years, UK property prices have risen significantly, but this trend is unsustainable, according to one sector commentator.

The average property increased in value by 105 per cent in the 2000s, despite falling by 21 per cent between the end of 2007 and the middle of last year, according to a new report by Halifax.

This means prices increased from £81,596 in the last quarter of 1999 to £167,020 in the last quarter of 2009.

In London, property prices increased by some 80 per cent, which could mean flats to rent in Notting Hill or another part of the capital, are a more affordable alternative for many Britons.

Commenting on the news, Jon Brown, partner relationship manager at iammoving.com, said lessons should be learnt from the recession and the increases seen in property prices over the last decade should not be repeated.

For the time being, he claimed: "Private rental rather than purchase remains the dominant, if not preferred method of finding a place to live."

Written by Chris Price

Published 28th January, 2010

© 2010 Estates IT Limited

Latest London Property News Headlines

Southwark to get Dickens statue

Southwark to get Dickens statue

People in flats to rent in Southwark may be pleased to learn that the local council plans to install a commemorative statue installed between Blackfriars Road and Union Street to celebrate the English novelist Charles Dickens' 200th birthday.

Read Article ... Published on 9th February, 2012

Bexley highlights progress on local Olympic planning

Bexley highlights progress on local Olympic planning

People occupying flats to rent in Bexley have been assured that the local council is making good progress in getting ready for the forthcoming 2012 Olympic Games in London.

Read Article ... Published on 8th February, 2012

Colindale's Grahame Park area in line for regeneration funding

Colindale's Grahame Park area in line for regeneration funding

New flats to rent in Colindale could be created if Barnet Council succeeds in efforts to obtain new funding for the regeneration of Grahame Park.

Read Article ... Published on 8th February, 2012

Council announces new parking plans for Fulham

Council announces new parking plans for Fulham

People seeking flats to rent in Fulham will be able to benefit from expanded parking facilities thanks to a new package of measures from the local authority.

Read Article ... Published on 7th February, 2012

Bromley Council approves funding for Biggin Hill Heritage Centre

Bromley Council approves funding for Biggin Hill Heritage Centre

People occupying flats to rent in Bromley will welcome news that £64,000 has been allocated for the development of the new Biggin Hill Heritage Centre.

Read Article ... Published on 7th February, 2012

Harrow unveils new budget plans to modernise local services

Harrow unveils new budget plans to modernise local services

Those occupying flats to rent in Harrow have been promised that local services will be protected or improved under new plans from the regional council.

Read Article ... Published on 6th February, 2012

Borehamwood park to compete for Green Flag Award

Borehamwood park to compete for Green Flag Award

People living in flats to rent in Borehamwood will see their local Aberford Park compete for a Green Flag Award once again this summer.

Read Article ... Published on 6th February, 2012

Plans for new Highbury Roundhouse developments outlined

Plans for new Highbury Roundhouse developments outlined

People in flats to rent in Highbury have seen plans to redevelop the current site of the Highbury Roundhouse community centre take another step forward.

Read Article ... Published on 3rd February, 2012

Improvement programme to be launched for Ruislip Manor shops

Improvement programme to be launched for Ruislip Manor shops

Those occupying flats to rent in Ruislip are set to benefit from a new scheme that will improve the look of shops in the Ruislip Manor area.

Read Article ... Published on 3rd February, 2012

South Kensington's revamped Exhibition Road officially opens

South Kensington's revamped Exhibition Road officially opens

Demand for flats to rent in South Kensington could be set to rise following the official opening of the revamped and redeveloped Exhibition Road area.

Read Article ... Published on 2nd February, 2012

The steep rises in house prices noted over the past decade are not sustainable, it has been claimed - which may prompt Britons to consider property to rent on London.

House prices rises 'not sustainable'

Do you want a Short Let?

Do you want a Commercial Let?



Like this?
Share this
Follow Net-Lettings
Facebook Net-Lettings.co.uk Twitter Net-Lettings.co.uk RSS Feed
Follow Estates IT
Facebook Estates IT Twitter Estates IT RSS Feed

Estates IT offering Estate Agents Software. Lettings Agent Software, Rental Software, Property Management Software.
Net-Lettings.co.uk

Net-Lettings.co.uk was one of the first property and agent directory websites on the internet launched in 1996. We still believe in simplicity today. Use this London Lettings Directory for all your rental property needs whether a Tenant or Landlord.

Subscribe to RSS feed, or bookmark us so you do not miss any London News Articles we publish.

London Areas

London is a diverse community of people. There are many areas to choose from we have around 245 that appear on the map and approximately 338 total London areas. Here are just a few of the latest hot areas.

Letting Agents Docklands
Letting Agents Camden
Letting Agents Notting Hill
Letting Agents St John's Wood

Advertising & Sales

This site offers Letting Agents low cost effective advertising of their web site. We are not a Letting Agency but connect you directly Lettings Agents in your required area. Letting Agents see below options available with Net-Lettings. You can contact or follow us below.

Advertise on this site ...
Register with us ...
Need Estate Agent Software?

Nibbler report