You haven't used your session for a while. For your security, we will log you out soon.
Posted on 13/12/2018 09:35:50
Our Strategic Partners Savills provide an update on the UK Housing Market as the UK sees a modest price growth.
House prices showed a modest rise of 0.3% in November, according to Nationwide. This puts them at 1.4% up from the start of the year, on track to slightly overshoot Savills annual growth forecast of 1.0% for the country.
The areas showing the strongest house price growth in the year to September were the Forest of Dean and Burnley, both at approximately 10.5%, followed closely by Stirling, at 10.0%. The greatest falls remain in London, with Kensington & Chelsea and Westminster showing annual drops of 9.9% and 6.3% respectively. Savills expect growth to return to the central London market once there is more clarity around our relationship with the EU.
Annual rental growth rose slightly in the year to October to 1%, according to the ONS. The East Midlands continued to show the strongest annual growth at 2.7%, followed by the West Midlands at 1.8%. London rents have continued to soften, with rents 0.2% lower than this time last year.
Savills expect transaction volumes to be reasonably stable over the next five years, assuming some clarity is reached around Brexit. When that clarity comes, it may generate a resurgence in demand and activity.
Investment opportunities promoted by Land Club involve risks including loss of capital. This means that there is a risk that you could lose some or all of the money that you put in. There is currently no resale market for the investments promoted by Land Club. This means that you will not be able to easily sell your investment if you need to get your money back quickly. Investments made through Land Club are not covered by the Financial Services Compensation Scheme (FSCS).
PLEASE READ THE FULL RISK WARNING Land Club is an
appointed representative of Share In Ltd,
which is authorised and regulated by the Financial Conduct Authority (603332). Pitches for investment are not offers to the public and investment can only be made by registered investors on the basis of information provided by Land Club.