Is the UK About to Experience a New Real Estate Boom?

It appears there is about to be another real estate boom in the UK as house prices began to surge last month. The increase in the UK house prices came as a reaction to the decision of the Finance Minister to extend the tax cut on a purchased property.

In a recent interview Eitan Eldar, CEO and founder of EEH Ventures, told IssueWire: “In my opinion, at this stage, there is no fear of a real estate bubble forming. The rise in prices is due to government reliefs that encourage the purchase of properties up to £600,000. Many citizens are taking the opportunity to make a purchase on more favorable terms than before. Although, the apartment market for properties valued at over £1million is still slow and challenging”.

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