UK leading European property revival

The UK is leading the way in terms of European property revival with transaction volumes and house prices experiencing growth over the last six months, it has been announced.

In news that is sure to interest potential British property investors who are unwilling to travel long-haul distances for their gains, the European market has been named as the prime target for real estate purchase in 2010.

A new survey by the consultancy CB Richard Ellis Group has found that 60 per cent of individuals questioned will be looking to the market close to home for potential investment in the coming year.

Jonathon Hull, of the company, explained that the UK has benefited from a transparent market, changing prices and a weak GBP.

"Any prime properties coming onto the UK market are attracting extremely strong investor interest ... but tenant covenant and lease length are key concerns for investors," he added.

Earlier this month, it was claimed that long-term investors within the UK property market were reaping the rewards of the current economic situation.

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