Nationwide, the UK Building Society, has announced that UK house prices have increased by 10.5%, the first time growth has reached double figures in almost three years.
This spells good news for the UK economy although some have suggested the price jump is down more to undersupply with steady demand than a true increase in property values.
"It's basic economics," Explained Tim Landseer Brooks, of Compass Amazing Resorts "If people do list their properties the supply drops which, in times of steady or increasing demand will cause an increase in price."
Simples? Perhaps, but in an ecomony that has been rife with bad news this type of report, whatever the reasoning behind it, is very welcome.
For those interested in buying property in Barcelona or Turkey, we have seen a sharp increase in sales over the last 6 weeks so we would recommend that people come out and view sooner rather than later.
Enjoy the journey!
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