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/
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