Yorkshire property prices expected to rise in next five years
Now might just be the perfect time to get into buy-to-let investments – or jump at the chance to buy your first home – with Barclays predicting a 3.6% property price increase in the next five years.
Their UK Property Predictor gives three-to-five year forecasts and recently revealed the latest investment hotspots. The research shows that the UK property market will remain buoyant with an average 6.1% rise by 2021 with values at £300,000.
What does this mean for Yorkshire?
With a growth in employment rate in Yorkshire, house prices continuing to rise and an increase in working age population in our region, there’s a good chance that our cities could become property hotspots.
More than one third of investors in the Barclays survey see strong rental incomes and property price rises as good reasons to choose the north for buy-to-let properties.
Property investment still popular
The investment in buy-to-let properties continues to grow and millennials now see 41% of their portfolio tied up in property – almost double that for people over 55.
Dena Brumpton from Barclays said:
It’s encouraging to see that property is still viewed as an important part of the investment portfolio with high net worth investors typically owning three properties and over a quarter planning to buy property because they believe that it offers long-term investment security.
Interested in finding your next buy-to-let investment? Take a look at our dedicated buy-to-let page with our built in ROI tracker.
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