Property prices treble in a decade
The Daily Express reported on Saturday that buying a house has been the best investment most people have made in the past ten years. According to some research, an average house bought for £62,000 in 1996 has increased by 187 per cent. Our own CEO, Warren Bright contributed to the story:
“For most ordinary Britons, their home is the best investment they have ever made or are ever likely to make. Over the past 10 years, housing has outperformed stocks and shares or bank savings accounts, and has risen more quickly than either wages or consumer prices.
The average British home owner has seen the value of his property triple over that time. In some hot spots such as London and parts of the Home Counties people have done even better, reflecting the strength of demand in those areas.
With a growing population in this country and a severe shortage not just of homes but also of land to build them on, property is likely to remain a great bet over the next decade as well.”
Read the full story on the Daily Express website.
