According to official figures from the Inland Revenue, In February 2014 nearly 85,000 properties were sold in the UK, which is an increase of 20,000 compared to February 2013. With property prices increasing at its fastest rate in four years, it is now the best time to buy a property for an investment according to Plaza Estates.

Property prices rose 6.8 per cent in January 2014 up from 5.5 per cent in December, and at the same time rents rose 1.6% in February 2014 making the average rent in England and Wales £743 per month. With the good news that property prices are increasing and rents are rising, it shows buying a property for a long term investment is still a great way to get a good return for your money.

Plaza Estate (http://www.plazaestates.co.uk) who have become one of central London’s leading independent specialist estate agencies, believe the positive property market is partly due to Chancellor George Osborne’s flagship ‘Help to Buy’ scheme which has help over 17,000 people to buy a property in the first nine month of the scheme.

With 47,550 mortgages worth £7.7bn being approved in February 2014 and the average property price now being £254,000, the confidence in the property market is growing and as such investors from all over the world are now heading to England to get in at the ground floor for a high return on their investment.
A spokesman for Plaza Estate said: “The property market in booming at the moment in Central London and as such London has become a great place to invest money in property to get a good return on their money.”

Central London property market has seen a huge increase in the number of foreign buyers which is good news for people looking to sell their home. With more buyers coming from abroad from countries such as America and Russia looking for property investment in Central London, it is helping to push the property prices up which means more money for the person selling the property.
Plaza Estates who are experts in selling and advising on buying property in Central London can be contacted at http://www.plazaestates.co.uk where you can see all the properties that are currently being sold as well as important information on property.

Media contacts
Marble Arch Office
29-31 Edgware Road
London
W2 2JE

Tel: +44 (0) 20-7724 3100
Fax: +44 (0) 20 7258 3090

Email: [email protected]