Despite last year’s political uncertainty, not to mention the forthcoming snap election, UK property investors are showing more confidence than ever in the market – and sales are up as a result.
Asking prices hit a record high in the four weeks leading to the 13th May, with the average property now going on the market for £317,281. Here’s more information.
Who’s Investing in UK Property?
The biggest demographic of buyers are families – particularly those seeking a house in a popular school catchment area. When examining family-home sales alone, asking prices for these types of properties have risen by 5.4% in the last year, to £270,953.
Miles Shipside, Rightmove’s housing market analyst (and director), claims that practicality is overruling any concerns about the current political climate.
“Parents with young children also have the pressures of travelling times to amenities, as well as the weekday school commute. They have to be balanced against under-pressure finances, even more so when the sector with the property type that suits them best is seeing the biggest price jump.”
Property Investment Opportunities for the Family Demographic?
This evidence suggests that families are prioritising location – with a preference for properties that are close to local amenities, schools and transport links. If you’re looking for buy-to-let property for sale and you want to appeal to this lucrative market, it’s worthwhile taking those priorities into account.
When searching for investment property in the UK, consider the following:
The Buy2Let Shop Limited
The Buy2Let Shop in Bromley are a team of expert property investment agents, with specialist knowledge of investment properties in London and across the UK. It’s our job to help you find the right buy-to-let property for sale, at a price that suits your budget.
We have a variety of properties on our books, which aren’t available to the general market and that are priced competitively to sell. To find out more about our services, visit The Buy2Let Shop website today.