Rapid Price Growth in Average UK Homes
23 May 2022
Average UK homes increased by £29,000 in the span of 2 years. According to the HPI or house price index, March 2020 was the start of the rapid growth of 8.3% in house prices.
This growth makes this the highest increase in property value in the past 15 years. The demand in the market and the number of potential buyers are still high because jobs and businesses are slowly recovering from the pandemic. You might want to consider investing in northern cities where most property prices remain more friendly to the average consumer.
It is essential to consider and research cities with high potential when it comes to property investing to maximise the return of your investment.
#ukpropertyprice #ukproperty #demand #growth #HomeFree
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