5 Jun

June Update

June Update

According to Barclays UK Property Indicator report, house prices nationwide are expected to rise by an average of 6.1% over the next 5 years.
Research compiled by Development Economics on behalf of Barclays analysed data from 12 key indicators including past trends on property prices, rental increases, employment levels and projected population growth.  In the top twenty of these areas are the South West with Dorset getting a particular mention.  The report indicated growth at 4.96% per annum, that’s a 27.4% overall increase 2017-2021.   If you live in a coastal town like Bridport, West Bay, Charmouth or Lyme Regis expect a premium as buyers are prepared to pay for the lifestyle benefits that come with living by the sea, sending prices higher still.  Zoopla reports that 9 out of 10 of the most expensive seaside towns are on this southern coast of England.
Zoopla reports that millennial investors will be a key driver in this growth over the next 3 to 5 years, these younger investors are ‘ 'bullish’ in their approach to investing in property and the report indicates that many investors are looking to own more than one property. The Barclays report shows that property hotspots will emerge with the south of England being top of the list. West Dorset is not only a wonderful place to live but a wise place to invest in property.

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