Highest Rise in Districts
Where could you find yourself sitting on a goldmine?
Buying a home is probably the largest outlay that most of us will ever make. However, the good news is that investing in bricks and mortar can be a great way to see your money grow at a rate far beyond the interest rates you would be offered as a saver with any bank or building society.
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Unlike a car (often our second largest purchase), which usually starts depreciating at a frightening rate as soon as you drive it out of the showroom, a property can generally be expected to increase in value over time.
Buy in the right region of the UK, and you could see your investment go up by as much as 17% per annum! That’s the rate of increase in valuations which was enjoyed by property owners in Kensington and Chelsea over the past year.
So the next question is how to identify the regions where prices are growing at the healthiest rates. MyPropertySpy has the answer! We’ve compiled a list of the 100 areas which have seen the greatest rise in valuations – is your local area amongst them?
Kensington and Chelsea may be top of the list, but it’s by no means necessary to look to London and the South East if you want to find great returns on your property investment. Burnley comes a close second, with a 16% rise, and hot on the leaders’ heels are Pendle, Hartlepool and Blyth Valley. Our top 100 includes cities from Newcastle to Plymouth and spans the UK, with Wales being well-represented and both the North-East and North-West offering a number of strong prospects.
Of course, as with most investments, there is no guarantee that buying property in these regions will bring you great growth in the future. Many factors can influence changes in the value of property, and you should always do your research thoroughly. However, if you’re looking to buy or sell in any of the regions in our top 100, knowing the facts about recent changes in prices could help you to reap the reward from your investment!
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