Prices for rural homes in Britain for 10 years has doubled





23.11.2010 10:45
However, the situation on the residential property market the country as a whole leaves much to be desired.

According to the study of the bank Halifax, the UK villagers` houses increased in price by 96% compared to the level of 2000. In fact, the price of provincial family houses rose by 200 pounds a week. The largest price increase in a decade was recorded in Yorkshire (123%) and Wales (122%), RBC-Real referring to the newspaper The Telegraph.

In many ways, price cuts due to the policies of the Conservative Party, which came to power in Britain in May this year. The new government has decided to cut the budget by 81 billion - is the most significant reduction over the past decade.

It is also planned to lay off about 500 thousand civil servants for four years and raise the retirement age to 66 years in 2020. Such measures, as analysts say, will have a moderating influence on price dynamics of the UK property market.
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Content tags: Overseas property
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