House price boom ripples out of London, across Britain | Waccabuc Realtor


The housing boom is spreading across the country, with rapidly rising prices   and long queues of buyers no longer restricted to London, experts are to   announce.

Property sales in the first three months of 2014 reached a six-year high as   the market recovered on a “truly national” scale, according to the Royal   Institution of Chartered Surveyors (Rics).

Activity is at levels last seen in early 2008, before the banking crisis took   hold, and is spreading to the Home Counties and beyond, figures suggest.

The trend is “striking in that it is clearly broadening out”, said Simon   Rubinsohn, a Rics economist. “There has been a sense that it was one story   for London and a very different outlook everywhere else, with perhaps a few   other city centres edging ahead. But that is not the case any longer,” he   added.

“Now that the housing market recovery is well and truly under way and mortgage   finance is more readily available, buyers seem to be looking to test the   market right across the country, not just in the usual hotspots of the South   East.”


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