Robust housing market indicates promising activity for summer
Rising house prices
New reports have demonstrated a strong start to the housing market so far in 2017.
House prices have risen at their fastest rate in over a year according to latest index from Your Move. Property prices gained an extra £1,900 in February, boosting the national average up to £297,832 for England and Wales, compared to £295,937 in January.
Further industry reports support these statistics, showing a stronger housing market as new agency data found that house prices are continuing to grow. The research from Agency Express found that the North West was the UK’s best performing region last month for property activity. New listings for sale were reportedly up 38.8% and sold properties increased by 35%.
The buy to let boom
The news follows on from a buy to let boom, post stamp duty changes which were introduced last April. The Treasury revealed that landlords were continuing to purchase investment properties, even with the 3% surcharge on second homes, demonstrating that property investors remain undeterred by these changes.
Graham Davidson, Managing Director at Sequre Property Investment, comments on the performance of the current property market:
“It’s positive that the market is continuing to remain steady and robust. It’s understandable following on from last year’s Brexit result that individuals would be hesitant to see how the UK’s property market faired. However, it’s clear to see now, almost a year on, that little has changed and the market is performing as we believe it should be during these times.”
“Investors should take advantage of these growing house prices now by investing in areas that are clearly benefitting from capital growth the most, such as the North West. With these areas currently experiencing the most property activity, and having long been hailed as the best area for buy to let, the strong rental yields and capital appreciation generate maximum returns, resulting in landlords making the absolute most out of their investments.”
If you’d like to find out more about investing in buy to let property, contact our team today. We understand each investor is different which is why we offer a bespoke service and one-to-one consultations for those seeking advice on property investment. A wide selection of our properties come with genuine discounts and won’t be found anywhere else on the market. To find out more, contact Sequre Property Investment on 0800 011 2277.