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Real Estate Values Rocket UK Growth

Posted by Peter Brady on Wed 2nd August 2006 at 09:00 AM, Filed in

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Some astonishing figures released by the Office of National Statistics indicate that the UK’s net worth increased by £119 billion last year to a figure of £6000 billion. The real driving force behind the rise has been the relentless growth in real estate values both commercial and residential.

Having spent over a decade involved in UK commercial real estate I feel certain that things are starting to slow in this sector - but residential, who knows. So many commentators have wrongly called the residential market since the mid 1990’s that it really is a case of drawing your own conclusions from the available data.

What’s driving it all. Well, a number of factors, but lack of supply, strong global demand for UK real estate and historically low interest rates are all in the mix.

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