Significant house price growth predicted over the next five years
The property market is expected to see prices rise by as much as a fifth by 2020.
A new forecast from Savills’ predicts significant house price growth across all regions of the UK, with the North seeing prices rise by 18% towards the end of the decade. Cities such as Manchester could look to see this figure increase further due to initiatives such as the Northern Powerhouse creating stronger communities and driving significant future growth.
Additionally, Savills are predicting a healthy market ahead with “affordability and accessibility” being the key drivers for the housing industry over the coming years. Transaction levels are also estimated to increase from 1.2 million to 1.3 million in the next five years.
Additionally, the forecast suggests that many individuals will seek to move away from the London area to other prime regions of the UK with stronger economic growth prospects.
Comments from Sequre
Graham Davidson, managing director of Sequre Property Investment, comments on the house price forecast –
“House price growth is essential for a buoyant market and these levels show the mark of a strong recovery. The high levels of construction also represent the current demand for property in the UK.”
“As we have previously predicted, London’s spiralling growth has had a negative effect on its market and will continue to push buyers out of the area over the next five years. In contrast, well-performing regions, such as the North West, are still seeing positive growth, but at a steady and sustainable level, making it a much better area for investment.”
All investment properties sourced by Sequre benefit from high yields, generous returns and strong capital growth. By working alongside housebuilders, developers, banks, and receivers, we have the ability to negotiate bulk deals with a discount that our investors can take advantage of. Our deals are often exclusive, off-market, tenanted and furnished; allowing for a total hands-off investment and an income from day one. We also work with professional mortgage brokers, who can help investors looking to leverage their investments to achieve higher returns. If you’re considering a buy to let property or would like to speak to somebody regarding financing your next investment, call us today on 0800 011 2277.