Heaton & Partners’ news Welcome to the sixth edition of the Heaton & Partners newsletter. 2016 is going to be an interesting year when it comes to the property market, with a number of changes afoot, some of which we hope to explain below. A look at the market In our opinion, average UK property prices should remain broadly stable across 2016. Prime central London prices may continue to drop off slightly, whilst in the country prices are on the rise. However this outlook becomes unclear as the EU Referendum draws closer. According to Knight Frank, prime central London property prices grew by only 0.1 per cent in January, taking its annual increase to 1.2 per cent. However this is a changing marketplace; Islington saw a growth of 7.7 per cent, whilst Knightsbridge actually saw a fall in values of 6.4 per cent. This doesn’t mean that the prime central London market is in trouble, rather that growth and depletion is occurring in a sustainable manner, as opposed to the vast increases which were seen in previous years. In the country market, prices rose by 3.1 per cent in 2015, but there have been a number of prime markets which have seen huge levels of growth to around 10.6 per cent in areas such as Cheltenham, Oxford and Cambridge. At Heaton & Partners we have seen an increase in buyers looking to leave London and invest in regional markets in search of more house for their money. We would recommend buyers continue to look at the prime country house market as an option for safe investment. Whilst stock remains low, some truly fantastic properties will become available in the next few months and property still gives a better long term return on investment than any other asset class. 2 London Road, Newbury, RG14 1JX | +44 (0)1635 887340 | [email protected]107 Walton Street, London, SW3 2HP | +44 (0)20 3675 3600 | [email protected]www.heatonpartners.com April 2016 We would recommend buyers continue to look at the prime country house market as an option for safe investment
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Heaton & Partners’ newsWelcome to the sixth edition of the Heaton & Partners newsletter. 2016 is going to be an interesting
year when it comes to the property market, with a number of changes afoot, some of which we hope
to explain below.
A look at the marketIn our opinion, average UK property prices should remain broadly stable across 2016.
Prime central London prices may continue to drop off slightly, whilst in the country prices
are on the rise. However this outlook becomes unclear as the EU Referendum draws closer.
According to Knight Frank, prime central London property prices grew by only 0.1 per
cent in January, taking its annual increase to 1.2 per cent. However this is a changing
marketplace; Islington saw a growth of 7.7 per cent, whilst Knightsbridge actually saw
a fall in values of 6.4 per cent. This doesn’t mean that the prime central London market
is in trouble, rather that growth and depletion is occurring in a sustainable manner, as opposed to the vast
increases which were seen in previous years. In the country market, prices rose by 3.1 per cent in 2015, but
there have been a number of prime markets which have seen huge levels of growth to around 10.6 per cent
in areas such as Cheltenham, Oxford and Cambridge. At Heaton & Partners we have seen an increase in buyers
looking to leave London and invest in regional markets in search of more house for their money.
We would recommend buyers continue to look at the prime country house market as an option for safe
investment. Whilst stock remains low, some truly fantastic properties will become available in the next few
months and property still gives a better long term return on investment than any other asset class.