Have you missed the boat with the UK property market?

A survey from Rightmove, the UK estate agency, has apparently shown that UK property prices rose by 0.6% last month, which was the fifth consecutive month of increases. When you consider that the Council of Mortgage Lenders also announced a 17% month on month increase in mortgage lending to £12.3 billion it could seem to many that the UK property market has turned.



The report from Rightmove also suggested that the best time to buy a UK property was in winter last year when prices were rock bottom and transaction levels were 50% below the norm. However while a number of people are starting to believe the story that the UK property market has turned there are many areas of the country which are yet to benefit from this apparent improvement. Just as the South of England was the first area of the UK to suffer substantial property price falls this is an area which has rebounded more than others.



Despite the apparent increase in mortgage lending during June there is no doubt that many people are still struggling to obtain finance to purchase new homes. This has seen competition for many homes across the country reduced and many people believe there are still significant investment opportunities available. Different areas of the country have reacted very differently to the apparent improvement in the marketplace and it is worth doing a detailed check around the UK the best value.