After three years of slowing down, property prices are now starting to increase. Data released from the Land Registry provides us with evidence that house prices rose by 2.2 over the previous year. Hopefully the Brexit process will continue in a smooth manner and over the course of 2020 the economy will grow stronger. Accordingly, property prices should increase as consumer confidence returns to the market.
London property prices have been static for the last couple of years but now prices in the capital seem to be firming up. However, for me the centre of the property universe is the West Midlands and Staffordshire, where regional growth at 4% has outstripped the rest of the country. So now is a good time to invest in property in Wolverhampton and the surrounding areas.
If you would like a free chat about your circumstances and a professional recommendation on a mortgage or bridging product to suit your needs, call Paul on 01902 213201