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”.