London Properties Hit Record High

Asking prices for homes in London surged to a record this month, as the buoyant outlook spread to other parts of the country, according to Rightmove Plc.

Prices climbed 2.1 percent from February to 552,530 pounds ($919,000), taking the annual appreciation to more than 11 percent, the website operator said today. Nationally, values rose 1.6 percent to 255,962 pounds, also an all-time high.

Britain’s property-market revival has been encouraged by a strengthening recovery and a government stimulus plan known as Help to Buy, which allows people to buy a home with a down payment of as little as 5 percent. Chancellor of the Exchequer George Osborne said yesterday he will extend the program for new homes to 2020 to spur construction.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu