Residential property price growth continues to prove resilient despite political and economic uncertainty, which is partly why buy-to-let remains the investment of choice, according to Sequre Property Investment.
Capital growth remains strong on the back of a prolonged shortage of new homes, sluggish listings and historically low mortgage rates, the latest house prices figures show.
House prices measured by the ONS House Price Index reveal that values ended 2017 on a high, with the UK annual growth rate for the year as a whole reaching 5.2% in December to stand at an average of £226,756, while transaction volumes for property acquisitions remained steady.
Graham Davidson, managing director of buy-to-let specialist, Sequre Property Investment, commented: “The increase of 5.2% only further cements why people should still be pouring into buy-to-let in 2018.
“A volatile stock market will push even more people to invest in property and despite changes to the tax law, buy-to-let is still producing high income. This simply reinforces its position as the number one investment choice.”
All regions saw positive annual growth, led by gains in South West with an annual growth of 7.5%.
“Location is an important consideration for investors looking to maximise their profit, Davidson added.
Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.