COVID-19 – Important Auction Information

Interest rates - now is time to invest in property

24.06.2022

Yesterday (16th June) The Bank of England raised interest rates from 1% to 1.25% in a bid to tackle ever-rising inflation.

It is thought that the UK’s inflation rate could hit 10% this year and some economists are predicting even higher than this. This fifth rise in interest rates since December puts them at their highest for 13 years.

This makes both mortgages and loans more expensive whereas those with cash in the bank will still see diabolical returns.

Investing in property can be a double win, however. As demonstrated below you can achieve an attractive running return and in addition to this your property is likely to appreciate in value!

For example, if you were to buy a property for £200,000 with a monthly rent of £800pcm, the gross annual yield of that property would be 4.8% - a much better return than you would receive from most savings accounts.

Sound investment decisions are normally made when you invest for the medium to long term – the same principal applies to property investment.

Over the last ten years we have seen remarkable growth in property values, and we believe this is likely to continue. However, one must always be aware that like any commodity, property values can drop as well as rise.

See all lots currently available: https://www.auctionhouse.co.uk/

Original source: https://www.bbc.co.uk/news/live/business-61824979

News Article

27.06.2022

3 Summer interior trends for 2022

read more

27.06.2022

Devon & Cornwall: Summer highlights

read more

24.06.2022

Interest rates - now is time to invest in property

read more

22.06.2022

East Anglia: Meet the team - Mark Upston

read more

20.06.2022

Private renting reform – what does it mean?

read more

17.06.2022

Will PM’s plans lead to a surge in home ownership?

read more