The two regions i.e., Wales and England experienced raise in the average property rates. In the last one year, London has become the region with highest yearly price change. The percentage rise in the value was 5%. Furthermore, the city experienced the highest monthly increase by 3%. In February 2010, the house sales value in both Wales and England fell down by 10%. According to the recent figures, the residential property rates in Wales and England rose by
0.8%. According to the current land registry information, the average house rate is £163,083. The registry data even presents a yearly price reduction of around 1.3 %.

Nevertheless, the data even presents falls in some part and large rises in others. For instance, the city London has witnessed a rise in property rates by 5% and north-eastern part has seen rates fall by around 8.1 %. In addition, according to the February 2011 report, the residential property rates in Wales and England fell by 10%. The rates reduced to 38,336 from 42,515. Around £1 million properties were sold in the both the cities. The sales ratio rose by 14%. As
stated by property experts, the overseas clients are not only fuelling up the property rate boom but also pushing up the rents.

Mr. Marc and Mrs. Anita, managing directors of the largest rentals agents, consider the period as an ideal time to purchase property in London. The period offers a perfect combination of various unique properties. Exchange rates are the driving force behind rising residential property rates in Wales and England. The other focal points include tough rental demand. It is becoming a significant attraction for rising overseas executives. Furthermore, the recent shortage for rental housing is reminding a rise in rents. There has been a significant rise by 10% from the previous year. The demand is also accelerated by new developments in canary Wharf Landmark and Peninsula.

Find our clerkenwell rental property at myclerkenwell.co.uk and hurford-salvi-carr.co.uk