Where Will Property Investors Get The Best Return From In 5 Years Time?
Savills have released their UK property price predictions for the next 5 years identifying what they think are the best UK regions to purchase properties in based on expected Capital Gains.
Residential properties in the South East region are predicted to increase in value by as much as 31.9%, whilst the East of England could see property prices rise by 30.4%.
In the South West region of the UK, Savills expect property prices to jump by 29.4% with increases in property values not increasing by as much in more Northern parts of the UK.
According to the 5 year forecast, East-Midlands property prices could increase by as much as 24.6%, however, London property prices are only expected to rise by 24.4%.
West-Midlands property prices are also expected to increase by up to 23.4% according to the forecast, but property prices in Wales are only predicted to increase by 21%
The city of York in the Yorkshire & Humber region could expect property price rises around 20.5% according to Savills and over the Pennines in the North West, property prices are estimated to increase by 19.3% in next 5 years, as is also the case in Scotland.
North East property price predictions are the worst of the company’s forecast only expected to grow by 17.6% over the next 5 years.
The property price predictions do not appear to take into account the effect of the Help-To-Buy scheme on the UK property market, nor do they allow for the prospect of another property price bubble or even another huge property crash.The property price predictions information released by Savills should be viewed as a guide and not a promise, however, if property prices do rise as much as they predict I can see a couple of new areas opening up for plenty of property investors.
This forecast information could be very misleading for property investors, who should be purchasing property at looking at the rental returns, with a long term eye on potential profits, rather than naively buying now, hoping for capital appreciation in a few years time.
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