More Britons consider investing in residential properties
A growing number of Britons believe that it is a wise idea to invest in residential properties, as repeated statistics suggest that real estate prices have finally reached rock bottom in the United Kingdom and are set to increase in the near future. According to a survey conducted by Mintel, approximately one out of every three adult Britons believes that investing in residential properties in the foreseeable future is a good idea. In fact, 50 percent of those who asked about the long-term perspective indicated that purchasing buy-to-let residential real estate would be an investment that pays impressive dividends over the years. These figures also show that more Britons are once again feeling positive about the housing and buy-to-let sectors, as the first clear signs of an economic recovery appear on the horizon.
Statistics collected by Nationwide show that these hopes are well-placed, as property prices rose throughout much of the UK. In fact, the value of an average house in Briton now stands at £158,871, which amounts to an increase of 1.3 percent between June and July 2009. Even better still is the fact that this marks three straight months of housing value increases in the UK. While real estate prices were 6.2 percent higher last June, three months of increases have ensured that the steep losses of earlier this year—when property prices fell by 9.3 percent– have been moderated.