With January now ended, the Office of National Statistics (ONS) has released data on average house prices in the 12 months to November last year. The report showed that the property market has continued to perform strongly, with the average price of a house in England increasing by 5.1% to reach £226,071.
The growth in the property market has been supported by the resolute confidence from investors towards bricks and mortar investments. Earlier this month Market Financial Solutions (MFS) asked a nationally representative sample of UK investors about their investment strategies over the coming 12 months – the research found that 63% of investors still regard property as a safe and secure asset. The same body of research also found that 53% of investors are more likely to invest in traditional asset classes such as real estate in 2018 over newer asset classes such as cryptocurrencies.
Featured in The Financial Times, Property Wire, Mortgage Introducer and Landlord Today, this research demonstrates that investors are still incorporating commercial and residential real estate opportunities into their investment strategies. Evidently, regional hotspots such as the Midlands have been posting record levels of growth as a result of rising investor interest.
The East Midlands recorded the highest rate of average house price growth in England, reaching 7.2% – more than 2% higher than the national average of 5.1%. This was followed by the West Midlands, which experienced house price growth of 6.4%.
As we enter February, the surge of house prices in the Midlands demonstrates the full range of investment opportunities on offer in 2018. To ensure investors are able to take advantage of both commercial and residential real estate opportunities, MFS will continue to offer industry-leading bridging solutions that are quick and efficient.
Click here to download MFS’ Property Investor Intentions report.