Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Monday, 30 May 2016

Cambridge/London house prices leap

Cambridge and London surge

The April 2016 UK Hometrack 20 Cities Index showed that yet again the best performing UK housing markets were Cambridge, London, and daylight third.

This has been a recurring theme over the last couple of decades, with these two under-supplied markets comfortably outperforming the rest.

Indeed, Cambridge prices accelerated again to be another astonishing 26 per cent higher over the two years to April 2016. 

London prices were not far behind, recording a further 25 per cent gain over the past 24 months.

UK property markets are expected to slow henceforth, in part due a crackdown on the buy-to-let sector, as well as fears of a "Brexit".


Week ahead

There is an exciting week of news ahead, culminating in the National Accounts for the first quarter of 2016.

Market forecasters expect the economy to have recorded GDP growth of +0.6 per cent for the March quarter, and +2.7 per cent year-on-year. 

There is also a range of other releases to look forward to, including building approvals, retail trade, international trade, and private sector credit for April.

Should be a fun-packed week!