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RightMove has released their latest ‘House Price Index’ statistics (the largest monthly sample of residential property prices and housing market activity) on Monday 12th February, 2024 and guess what………………………
Yes, it is Scotland that takes the top spot AGAIN, when it comes to average property price increases.
It really looks like the market is taking momentum, with mortgage rates that have fallen considerably, it looks like 2024 is a good year to take on a property investment project.
We as investors/buyers have more properties available for sale (new property listings have increased 13.6% annually) and the market is moving at a faster pace than it was at this time last year. That sense of increased optimism gives us all more confidence and reassurance to go ahead with our investment goals.
Let’s take a look at the Scottish map first;
A little mention to the latest statistics on Dunfermline, show that it is proving to be a popular location to invest in, particularly if you are searching for a 3 bedroom home (which have witnessed an 8.3% annual increase in sales volume). Leith is also listed at the top end of the table as a popular location (16.2% in sales volume) right now.
Between the period of November to February, there has been an overall 13.6% increase in new properties coming to the market, compared to the same time this last year. If we look at Corstorphine, it had a whooping 24.4% increase in houses for sale compared to the previous year.
From our recent reports, you will have noted that areas all across Scotland are buzzing with price increases, such as Fife and Kinross where prices have risen by 3.5% annually
Let’s take a look at the UK map, just to see how much we are standing out…
Whilst there have been no major shifts in how people fund their investments, there is not so much talk online about ‘asset backed investments’ which is a low risk vehicle for property investment that provides long term benefits.
It is a great option for you as an investor if you want to make money without any costly setup costs. Your investment is secured against the asset (property) and can offer you a guaranteed income as your property increases in value.
It’s the perfect ‘professional hassle free investment’.
Why not get in touch with us today, while the market is good and have a chat. Or drop us an email and request that we send you a Case Study.
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Email: info@murraypropertyholdings.co.uk
Call: 07979198280