Tag: Martin Ellis
Buy-to-let investments will continue to offer attractive rates of return compared to other asset classes, but investors will increasingly search out cheaper and higher yielding properties, research commissioned by The Mortgage Lender has found.
This increase is more than three times faster than the national increase.
On a quarterly basis prices fell by -0.2% to stand at £220,706.
During the last 10 years, the average house price in Britain’s seaside towns rose by 25% to £226,916 in 2017, equivalent to an average increase of £382 per month.
Prices around Wembley Park and North West London have risen from £259,979 in February 2007 to £445,545 in February 2017 – an increase of 71% or £185,566.
Housing market confidence has improved slightly from the fourth quarter of 2016 to the first quarter of 2017.
In March 2017 house prices were flat month-on-month and up by just 0.1% on a quarterly basis.
Employment and average earnings are high while crime rates and anxiety levels are low, though homes in the Ockneys are some of the smallest in Britain with 4.5 rooms per property.
Half don’t think homeownership is a realistic option for their generation, with two thirds (65%) saying they don’t earn enough to afford it.
House prices in the three months to February were 1.7% higher than in the previous quarter; down from 2.3% in January.