UK Real Estate Market - Is British property bubble still there?
Mood:  bright
Topic: Real Estate

Property prices in Britain have risen dramatically between 1996 and 2005. Many investors and Industry experts believe that, this is not due to economic reasons but to a bubble mentality among speculators. Though there was a time when British property prices were at an all time high in the late 1980s due to a prosperous economy and newly leased right-to-buy council housing. But now the scene has little bit changed, now the industry has been experiencing the steady growth in this sector . As per a latest report on housing prices in UK, prices have risen 1.0 percent in the month of August, leaving them 8.2 percent higher in the three months to August on a year ago.