Could Property Prices Boom?
According to new statistics accumulated by the Young Group, 87% of London property investors expect property prices to rise during the remainder of this year – an impressive 10% increase compared to the second quarter.
Yet it would seem that the rest of the property market doesn’t feel the same way…
Continuing in their research, more than 30% of property investors outside of London felt that property prices would fall, or at least remain as they are for the next 12 months.
Reviewing this situation, property experts have predicted that property prices in the UK capital will increase by 2.5% during 2011, whilst the rest of the property market will only see a small increase of 0.2%.
And even though this 0.2% increase is minute compared to London, this is still vastly better than the predictions made earlier this year which predicted that property prices would fall by 1%.
However these gloomy predictions do not seem to have deterred property investors from investing. In their report, the Young Group also revealed that:
- 95% of landlords planned to remain in the buy to let sector for the next 12 months
- 55% of landlords planned to keep their properties for at least the next 10 years
Related posts:
- Property Prices To Boom During 2010!
- Buy To Let Investment To Boom?
- A drop in property prices is fantastic news for investors
- Property prices down for 3rd straight month Rightmove report
- London Property Now 10% Off Their Peak 2008 Prices
Tags: buy to let, property experts, property investors, property market, property prices
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