The UK Property Boom In Trillion Pounds
It’s hard to think that under Covid, the entire value of UK property increased by over £1 trillion…
Annual housing prices increased by 11.2 percent in January.
It’s given property owners wishing to sell their assets a solid exit opportunity, from an investment standpoint.
But what about newcomers or those wishing to expand their UK property portfolio? Is now a good time to make a purchase?
> Mortgage rates are still at historically low levels. However, they are beginning to rise, so now appears to be a good moment to lock in a 5-year deal.
> Prices are likely to continue to climb this year and beyond.
> Landlords should expect further rent rises this year.
> Investors can profit from emerging trends such as short-term rentals and multi-let properties.
> There is a huge possibility in hotspot places like the South-East and the East Midlands.
Data: Halifax, Nationwide
