This week HM Land Registry produced its House Price Index for May, demonstrating that prices rose by 4.7% in the UK property market over the course of the past year. Reflective of high demand for residential real estate, along with robust investor sentiment towards buy to let investment, the statistics provide invaluable insight into the performance of the sector since the EU referendum result.
To provide essential context to this latest market data while the Government advances the Brexit negotiations, MFS recently published its EU Referendum: One Year On infographic, profiling the key events that have shaped the property market over the past 12 months.
With this remarkably strong rate of growth now being met by a shortage of real estate across the country, tapping into the true investment potential that exists in the UK is of critical importance to the continued growth of the property market. In order to provide further support to aspiring investors’ refurbishment and restoration projects and to contribute to ongoing market growth, MFS recently doubled our FlipFinance2017 funding drive from £20 million to £40 million.
Further to the doubling of the funding available through the FlipFinance2017 initiative, MFS will also be releasing a new report over the coming weeks, profiling the public’s appetite for both refurbished traditional and new build properties. This will provide timely insight into the types of properties that are attracting the attention of homebuyers and real estate investors, enabling industry and Government alike to focus their efforts accordingly.