Following years of pessimism , UK house prices are finally on the up. The property market has swung from stagnation to a great increase in the last ten months, meaning there is hope in the new year for potential investors.
The confirmation comes from the Royal Institution of Chartered Surveyors (RICS), which states that prices are rising at their fastest rate since the pre-crash days of 2006. Peter Bolton-King, RICS director, said that the increase is spreading from London and the South East, but that is the first occasion for a long time that the activity has increased everywhere in the country. It seems this is set to continue, with an expected increase of seven per cent in 2014 across the country. So now is definitely the time to invest in the North of England.
With this optimistic view for upcoming years, now is a good time for student property investment. Prices are still low so now is a good time for savvy buyers to snap up some bargains, before prices increase during next year. Due to the consistently expensive property prices in London and the surrounding areas, Northern cities are set to become incredibly popular among investors in the upcoming year – so invest while you still can!
As the price of properties rise, so will rental prices. This is why investing in a student property in Manchester is a good option. By investing in an HMO property you will obtain outstanding results, because they are let out on a per-room basis rather than a per property basis, earning an average income of 2% more per year than residential landlords. Investing in a property whilst houses are still relatively cheap, means that you can then enjoy the rewards the 2014 predicted price increase may bring. With over 400,000 students in the city, you can be sure that you will get a great profitability of your property.
If you don’t want to miss this great market opportunity, why not get in touch with the Mistoria Group? We’ll be able to give you expert advice with regards to investing, and discuss our latest deals to find the perfect investment property for you. Give us a call on 0800 500 3015 or to view our current available property investment opportunities, visit www.mistoriagroup.com/investments.