Property Auction Blogs
Saturday, February 23, 2008
There are about 22.5 million properties in UK and the population of 60 million. Total mortgage debit comes about 1.4 trillion. Entire value of the housing stock is exactly 4.3 trillion. Consequently the average mortgage level is about 30% and equity is 70%. This partially describes why there is would not be any crash in UK Property housing market. In addition surveys also suggest that even if prices falls, the UK consumers expense patterns must not change considerably. Actually the scanty 200,000 homes are being built in the UK each year, while the population is also growing by 300,000+ a year and properties are increasingly getting bigger, and you could see why prices should be hold up by a great supply and solid demand. It is always a great idea to go with UK Property Auction if you want to buy property in UK as you would find huge varieties to choose from.
posted by property auctioneers @ 3:24 AM
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