Published: 6th December 2016
Statistics have shown that there is no better time to invest in the UK than now, with flat and new housing supply failing to meet the demand. Nationwide revealed the annual residential property price growth in November hit its lowest rate since early in the year in January.
The average home price is 4.4% higher than the previous year with a 4.6% increase in the October. This means the average cost of a home is now approximately £204,947, increasing by 0.1% from the previous month. Despite this slow price growth, there are clear signs that there is a growing demand for property in the area. Therefore, it is expected that the demand-supply balance will remain tight, due to a lack of homes currently on the market.
Investors are searching for areas which offer high yields, however it has been reported that since January capital growth has been at its lowest. Manchester takes home the title of offering the country’s highest yields, with developments offering around 8% returns. Therefore, investors can take full advantage of the economic climate and receive a secure stable income.