UK property to benefit from eurozone troubles

Current economic and financial troubles in eurozone destinations are likely to have a positive effect on the popularity of UK property, it has been suggested.

Estate agent Prickett and Ellis has made the prediction based on the feelings of uncertainty that some investors have surrounding real estate in EU countries.

Nigel Ellis, director at the firm, explained that overseas investors could feel safe if they came to the UK because it is a large economy and a "good place to invest" in a property.

"The fact that we are self-contained economically is of great benefit to the housing market," he added.

"I would think that foreign investment in our property would benefit from this problem with the euro."

According to the Royal Institution of Chartered Surveyors, 17 per cent more estate agents reported growth in house prices during April, compared with just nine per cent in March.

The figures show that prime property in London led the way, with 55 per cent more surveyors reporting increases in the capital.

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