Property prices rebound back to 2007 level

House prices in all major English cities have risen above pre-financial crisis peaks for the first time since 2007, according to Zoopla. Property in central London recovered to pre-crisis levels in just 2.3 years, the fastest of all UK cities, as overseas buyers entered the market attracted by a drop in the value of the pound. Oxford and Cambridge followed the capital, returning to 2007 levels at 3.7 and 3.9 years respectively. Newcastle was the last city to exceed pre-crisis house levels, only registering recovery in late December last year, according to the Zoopla UK Cities House Price Index. The property site said the rebound was due to delays on the mismatch between demand and supply.

City AM, Page: 3 Daily Express, Page: 9

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