Why & Where Should I Invest?
It is estimated by the Office for National Statistics that the UK population will rise by over 4 million in the next decade alone, reaching 70 million by the middle of 2027. Over the next 25 years, according to official estimates it will reach almost 75 million. That figure is 10 million higher than today.
Most of these numbers will come from net migration and the associated birth rate.
This average annual growth rate of an estimated 400,000 per annum – is almost a city the size of Leeds being added each year for the next 25 years.
It is quite clear that the demand for housing is increasing. This will mean, long term, only one outcome, property prices continuing to increase as demand outstrips supply.
In the North East of England, for example, we estimate that we will not reach 2006/7 peak market prices until at least 2022. Those buying now therefore, with the right advice, in preparation for the next peak – will be the winners!
On top of the potential price increases, the other key advantage of a North of England investment property portfolio is yield.
With the combination of average house prices being significantly below the national average – and rents being nearer the national average by comparison – the result is a very attractive yield proposition.
We at Castledene Property Consultants specialise in sourcing property at attractive prices with strong rental yields. Which means we can help you take advantage of the current market conditions – whatever they may be.
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