Saving the nation how £4.1 trillion is stored in the housing piggy bank [electronic resource]
Language: English Series: Residential Property Focus ; 1 Qr 2011Publication details: London Savills Research 2011Subject(s): LOC classification:- 333.33 $2 19
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 152355-2001 |
Net wealth in residential property has risen from £1.4 trillion to £2.9 trillion between 2001 and 2011 so that it now accounts for around 70% of the total value of the UK?s housing stock. Overseas investors account for 53% of purchasers of prime central London property, the one million pound plus market has outperformed the mainstream across 2010 particularly in the core prime markets of London and South East. Distribution of transactions and repossession levels indicate where financial pressures on UK homeowners are greatest, identifying differing rates of recovery in mainstream markets across the UK. For investors looking to build portfolios with strong income streams that will be attractive to future investors, the strategy of buying good Grade C letting properties with low capital values looks sound.