Property values are set to rise on average 35% in six years according to PricewaterhouseCoopers (PwC) latest economic outlook.
Mortgage market stimulus and schemes such as Help to Buy have successfully increased demand for homes and subsequently pushed up property values, particularly in the southeast, in our area of Hampshire and Surrey.
“The UK housing market has leapt back into life. Prices across all regions are accelerating in stark contrast to the generally weak picture (at least outside London) seen until 12-18 months ago.” PwC
Although we have seen some investment landlords tempted to sell as property values have already seen strong growth over the last year and a half, there are still many investors out there buying a range of property: from one and two bed executive apartments, to luxury one off apartments like at The Convent in Farnborough and 2, 3, 4 bedroom or even larger family homes. There is demand for property to rent across the full spectrum of property types so there are many options for investors.
For those buying a house as a home, the current conditions in the property market give confidence to purchase property feeling secure that the property market seems to be stabilising and it is a safe investment.
PwC anticipate property values increasing by 8% in 2014.
Are you looking for an updated Valuation on your property? Contact your local branch where our experienced staff will be able to provide an accurate valuation and advise you on demand and the nuances of your local property market.