10/12/2024
🚨Great News & Great Times To Invest In The North East🚨
For anyone thinking of investing in the north east - real estate company Savills has announced its most recent residential property market forecasts and they make for excellent reading, with the value of both mainstream and prime properties predicted to grow significantly over the next five years.
Here are the key points:
Mainstream properties - which make up the vast majority of the UK housing market - are expected to increase in value over the five years to 2027.
The North East mainstream property market is predicted to rise in value by 11.7%, making it the region with the joint highest expected growth in the UK.
The overall average growth projected for properties in the UK over the next five years is 6.2%, meaning the North East is above average by 5.5%.
In 2026 and 2027, properties in the North East are expected to increase in value by 7.5% and 6.0%, representing the joint highest increase of any region in the UK over that period.
The value of the UK rental market is expected to grow by 18.3% to 2027.
In addition to boasting one of the UK's fastest growing economies, a highly-skilled workforce and excellent connectivity to international markets, the knowledge that any property purchased in the North East today is predicted to increase in value by almost 12% in just five years should be extremely reassuring to anyone looking for investment opportunities in the region.
