How Best to Invest

 

With the new financial year in motion, you may be asking yourself 'what will the year bring and how best to invest my money?' Average property prices are expected to rise by over £50,000 within the next five years, economists predict, according to This is Money. The property market has lost some speed which has reduced the number of properties on the market. Brexit negotiations have a major part to play in this. Consequently, buyers are making less purchases as they wait for a clear indication as to what the economic future looks like.

 

However, research from The Centre for Economics and Business Research indicates that the cost of a UK home will be roughly £220,000 by the end of the year and £272,000 by 2021. As we wait for to discover how Brexit negotiations will impact the property market, in the next two years prices will increase by £9000, compared to prices in 2016. Savills have also predicted that despite this year's slowdown, in five years house prices will rise by 13%.

 

It's interesting to note that last year in London's housing shortage it has been estimated that there were 19,845 homes which were vacant for over six months. That was £9.4bn worth of property, based on last year's average prices! Nonetheless, considering the predictions listed above, keeping your properties as a rental investment will be a wise move as councils will continue to struggle with the shortage of propertiesonthemarket.

Published on 01 May 2017

Source Wonderlease

Written by Marc Cohen

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