With an improving jobs marker and lower mortgage rates, the demand from prospective property buyers is rising. As a result of this, it has been predicted by the Royal Institute of Chartered Surveyors that house prices in the UK will be 6% higher at the end of 2015 than they were at the beginning of the year.
If this prediction comes true, the average value of a house could rise from £272,000 to more than £288,000. Growth in prices will be most apparent in Northern Ireland, and lowest in the North East of England. However, growth is taking place all over the UK.
This news could be positive for investors who are planning to sell on their properties, as it means that the potential for profit will be increased. London properties remain in high demand and those who own property in the capital will have plenty of opportunities to make a healthy profit, whether from selling it on or from letting it to paying tenants.
The UK’s property market can be unpredictable, with figures changing all the time as financial situations continue to shift and alter, and these figures demonstrate that. That’s why we are here to help you navigate the latest developments in the market and ensure you buy and sell at the right times. If you own a property which you are planning to sell, or if you are an investor in search of a suitable property to buy, our expertise could be extremely beneficial to you.
We offer a host of services for investors to help them make the right choices and achieve swift and successful sales, as well as offering full property and estate management in Newham and the rest of London. Get in touch with us if you would like to discuss any of the latest developments in London’s turbulent property market and find out how we can help you to make the most of it.