North of England property price rises 'inevitable'
Property investors are likely to see increases in prices around England in the near future.
That is the prediction of James Wrightson, marketing manager at change of address service iammoving.com, who noted that rises are likely to spread out from London.
Research by Savills, conducted for the Sunday Times, revealed that the typical value of a home in Hampshire is up 9.7% compared to March.
With increases also seen in Essex, Berkshire, Cambridgeshire and Kent, Mr Wrightson stated that other areas of the country could see similar effects, which may encourage buy-to-let property investors to act soon.
"The visibility of this new surge should help the more cautious buyer to slowly gain more confidence, driving the urge to buy through the redder veins of the north," he said.
Mr Wrightson went on to suggest that homeowners are likely to remain wary, but those who can afford to take a risk should consider moving up the property ladder in the coming months.
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