In the UK is expensive not only property but also land

Along with the growth in property prices in the UK, the price increase is going through and land in the UK and, consequently, properties situated in rural areas. Especially the increase in prices affected the elite of the UK property outside of the city.

The total cost of a typical English manor in the UK increased on average by 2.4% during the first half of this year, according to latest data published by real estate company Savills.

In this sector of the market growth has exceeded average values for country houses and residential property in Central London.

Today the value of English estates only 0.3 % less than in the period of its maximum value in 2008, and growth has occurred, including, due to a significant increase in the cost of land. The average cost of land in the UK increased by 6% in the first half of 2013 to £8,000 per acre. And ten years ago the same land was worth about £2250 per acre.

The index reflects clearer signs of recovery and price increases in other types of country real estate of great Britain. For example, the value of houses in the UK increased by 3.7%.

The high cost of land reflected in the high cost of farmland and situated on this land outbuildings.

All indices indicate that in the sector of agricultural land and arable land it is a definite improvement in sentiment. Market analysis shows that this sector has significantly increased the number of views and sustained interest from potential international buyers.

In the UK generally most of the people prefer to live in houses, not apartments, so the growth potential of the land market and suburban real estate is very high. But if you consider that the real estate sector in the UK is currently sent to several government programs aimed at stimulating market of the UK property market will definitely react to such significant aftershocks.

® Helen Antre 03.09.2013 g.