Investment Property News - Bueno Investments Limited

Six towns and cities in the UK broke new ground for house prices in 2007,
with the average homebuyer paying more than £300,000 for a property, new
figures show.

The annual research for Nationwide shows Belfast, Oxford, London, Brighton,
Cambridge and St Albans all now command more than £300,000 for a property.

St Albans was the most expensive place to buy with average house prices
hitting £350,000.

The former Roman outpost, which lies just outside the M25, recorded a 13%
rise in prices on 2006, the equivalent of £113 per day.

Meanwhile, the North East was the only area to see a drop in prices with
both Newcastle and Durham experiencing falls of 3%.

Of the 30 towns and cities surveyed by Nationwide, Durham is now the
cheapest place to live, commanding an average of £152,902 per property.
Nationwide chief economist Fionnuala Earley said the survey "shows how wide
[price] disparities across the country can be".

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http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.nationwide.co.uk/default.htm (Nationwide)