UK Properties Soar Beyond Million Pound Barrier
The UK property market has seen unprecedented growth in the last decade. So, I suppose it’s no real surprise to see Halifax reporting that “there are now 63,200 more properties valued at £1 million than there were in 1995.” This is a staggering twenty fold increase.
Is this due to the UK’s housing stock improving in quality, design and functionality? Or is it due to favourable base rates? Or is it due to unrelenting economic growth?
I guess the answer is predominantly down to the two latter options but I don’t think we can completely rule out strides made in design, architecture, technology etc as being a contributing factor. Afterall, I’m not sure how many of the UK’s, 1960’s concrete carbunkles have maintained great value with numerous material defects emerging from those years and extremely bland design to say the least.
Improvements in heat retention, room configuration, climate control and much more really are offering a brave new world for luxury property, which I for one believe will last the test of time.
READER COMMENTS:
No comments yet.
In order to write this post or review the author may have tested complimentary services or goods to ascertain an accurate picture of quality and standards. It is important for us to declare this so that our readership fully understand that we are where possible speaking from experience when reviewing a product or service. In spite of this, we aim to maintain high journalistic standards and provide useful objective analysis.