Southampton property market up 8.7% in 2014

Hometrack have just released their latest numbers for December 2014. UK house prices ended the year up 8.3% according to the Hometrack UK Cities House Price Index. The rate of growth increased over the year, up from 4.5% in 2013 and 1.1% in 2012. The top 20 cities averaged an impressive 11.3% growth which was clearly aided by London’s performance, but cities such as  Aberdeen, Oxford and Bristol also helped to improve the average. The poor performers includes Bournemouth, Birmingham, Glasgow and Liverpool.

Southampton’s numbers are nice and steady:

Average Value                                                                £190,800

Growth from trough to date                                             24.8%

Growth from last peak to date                                             4.6%

Growth in the last 12 months                                             8.7%

Growth in the last Quarter                                                1.7%

Growth in the last month                                                   0.6%

Annualising last month’s growth would still produce an annual return of 7.2% which when combined with a yield of 5.75% will give overall returns in on almost 13%. This gives a great platform for long term property investment in the Southampton market. If you would like more detailed information on the Southampton property market please drop me a line or call into the office for a coffee and a chat.

https://www.hometrack.com/uk/insight/uk-cities-house-price-index/