Residential housing has been a “better investment than cash, shares and bonds” over the last ten years, according to the latest figures from the Halifax.
As a result landlords who have bought properties in the buy-to-let market may experience a good return on their investment, with a possible profit of up to 187% in the decade leading up to December 2009.
The group economist for the bank, Marin Ellis, stated: “Property has still delivered good long-term gains despite
recent turbulence.”
Although property prices took a tumble in the UK between 2007 and 2009, the total value of houses roses by 105% over the ten year period, inspiring confidence in current landlords who are considering expanding their portfolio during the early part of 2010.
Source: House Ladder
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