A report this week has indicated that house prices will be on the up an up for the whole of this year.
The indices published by nationwide show that property prices rose by a full one percent last month. The reasons are simple ones of supply and demand. Properties are in scarce supply and high demand in most parts of the country. Sending the price steadily higher. Nationwide predicted a stabilizing of prices through the coming months but also that movement even minor should all be upward. Meanwhile, the Centre for Economics and Business Research (CEBR) has also claimed that prices are set to grow a further five per cent over the course of the year.
For sure this means that those expanding their property portfolio will have to have deeper pockets to make a purchase but there is also a very bright side.
All of us landlords like to see the overall value of our investment increasing. We understand that we are in this for the long haul but in the end we love to see our money growing. Most landlords will be thrilled with Nationwide’s prediction.
