The property hotspots of 2008
Money management expert Motley Fool once run a paper that enumerated the best investments for our hard-earned savings on. In this study, “acquiring properties” emerged as the top form of investment. Property acquisition is indeed one of the safest bets one could make, however it’s far from being full-proofed. One needs to learn a lot about the area, banking trends, real-estate stability and more when selecting a property to invest on. This article from Halifax Estate Agents lists the property hotspots of 2008 after gathering figures and worldwide marketing trends, thus making the complicated job much easier.
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Belfast, Aberdeen and London saw the biggest growth in house prices during 2007, Nationwide has said.
Moneyfacts.co.uk – the leading independent financial comparison site, has commented on the changes in the mortgage market two weeks on from the base rate cut of 0.25% on 6 December.
November’s mortgage lending rose more slowly than in October and approvals were again low, data from the main banks has shown.
House prices fell for the third month in a row over December, with average values falling by 0.3%, the largest monthly fall since January 2005 according to Hometrack.
Montrose in Angus recorded the biggest house price increase (39%) in 2007 according to Halifax Estate Agents.
