Property Prices Rise 4.7 Percent

Property sales across the whole of the UK property market may have been 6.8% lower than 2008, but it is undeniable that 2009 ended on a high.

During the last 6 months of 2009, property prices are reputed to have risen by 4.7% - a 2.5% gain for the year according to popular property portal Zoopla.co.uk. And it would appear that the second half of 2009 as a whole was a complete contradiction to its first half...


Continuing in their research, property portal Zoopla revealed that:

• 273,015 property investments changed hands in the first half of 2009 – down 36.9% from 2008 – whilst in the second half there were 421,732 transactions which was only 34.6% down
• Property prices fell by 2.2% at the beginning of 2009 (down from £205,607 on average to £201,067) whilst in the second half they rose by 4.7% -  a gain of 2.5% for the year
• Transaction volumes entered into double digits during the fourth quarter of 2009 in all regions compared to 2008

Property advisors are contributing this rapid rebound in 2009, a year which is now described as a year of ‘2 halves’, to increased activity from property investors across the property market.

The south of the UK in particular increased interest from property investors who confessed that tempting property prices and the ending stamp duty holiday inspired them to invest in property.

Original Article

More About the Author

Fraser Stirling, Property Mentor Delegate

No matter what the media wants you to believe, property is still the only investment route where you can benefit from an asset that will NEVER go into zero value. Even when I was university I admired properties ability to withstand the economic elements and stay strong, even when other investment forms faltered or failed. X years on, I am now the proud owner of multiple property investments - one of which earns a passive income of £4,680 and my property portfolio is still expanding. Read more