Rightmove reports strong buyer demand and prices at an all-time-high
Updated: Jul 13
The Covid-19 pandemic is undoubtedly worrying many, with the stock market depleting and pensions decreasing in value. However, despite these uncertain times, one market that continues to operate as a secure and safe investment is property.
Property continues to offer attractive relative returns in comparison to other asset classes, and Rightmove’s latest House Price Index is evidence of the ability to depend and rely on property investment.
Rightmove’s March House Price Index reports record prices fuelled by strong buyer demand and lack of supply compared to the same period a year ago, with the number of sales agreed up by 17.8%, to the highest at this time of year since 2016 and properties selling an average of 6% faster nationally, and 18% more quickly in London. The asking price of property coming to market has broken the previous record, hitting an all time high of £312,625.
It seems that buyers are yet to relent in such a demanding market, therefore offering buy to let investors a fantastic opportunity for capital growth.
Are you looking to securely invest your finances? Contact us today to discuss your opportunities 0161 713 3883 or visit our website to see our property portfolio ready for investment.