Invest in the Right Market at the Right Time
As a residential and commercial property specialist, Simon Morris uses his expertise to show UK property investment funds how to maximise returns on their property portfolios.
In order to do so, a fund must invest in the right market at the right time, allowing them to capitalise on a trend and reap the reward. That is why it’s particularly significant that data has suggested that house prices in Cardiff have increased by 7.9% in the space of a single year.
Property Values Rise by at Least 5% Across Every Major UK City
According to Wales Online, property analyst Hometrack has revealed that the UK’s residential market as a whole has registered significant gains over the past 12 months. Every one of the UK’s largest cities saw values increase by a minimum of 5%.
London measured the highest gain, with residential property values climbing by a staggering 17.3%. The average house price in London is now £402,000. This is why Simon has previously advised that if you wisely invest in the London market, you can reap significant returns.
Cities Outside of the South of England on the Rise
However it was Cardiff that proved one of the most surprising. An up and coming UK metropolitan hub, the Welsh Capital registered a rise of 7.9%, meaning its average house price now sits at £179,000.
Hometrack’s research director, Richard Donnell commented on the rise of values outside of the South of England. He noted: “For the first time since the financial crisis, an improved economic outlook has seen house prices in cities outside the south of England rising off a low base.
“By the end of the year, we could well see monthly house price growth in London slipping below that of some of the major cities outside the South East.”
The Markets to Watch
In other words Cardiff, along with cities such as Glasgow, Edinburgh, Belfast etc., could soon prove lucrative for UK property investment funds. In Simon’s opinion this means that they could be the markets to watch as we enter 2015 and beyond.