As we begin a new year, figures have shown that homes across the UK experienced huge rates of financial growth throughout 2015. There are approximately 28.6 million homes throughout the entire country, which grew in value by almost £1.4 billion every day last year. As expected, London showed some of the highest growth in property values and demand, cementing its reputation as a sought after area for buyers, investors and tenants.
The largest area of growth in the country was in Brentford, in the London Borough of Hounslow, which saw prices increase by 24% from the beginning to the end of the year. Property prices rose by 11.8% across London as a whole, and London, Edinburgh and Bristol made up the top three locations with the most active property markets and highest number of buyers.
This spells great news for investors who own properties in the capital, particularly in areas of high growth such as Brentford, as it means their investment has grown in value over the past twelve months. If you are planning to sell a property which you purchased over a year ago, you could be set to make a healthy profit. With rising demand for rental property, the prospects are also exciting for landlords who are in search of quality tenants to occupy their investments.
In order to take full advantages of the changes which took place in the property market in 2015, it is important that you have access to expert advice, support and guidance from experienced property specialists. We are the first choice for any investor in need of a portfolio review, advice on investments or a skilled lettings agent covering Brent, Hounslow, Islington and all other London Boroughs. Whether you are looking to sell your property on for a profit or let it to reliable tenants, we are here to assist.