Single-family homes have generated the best investment returns of all residential property types in the past decade, market analysis shows.
Over 10 years, the median price of single-family homes in the UK rose by 74 per cent (£195,247) to an average of £459,013, property investment platform easyMoney found. Value growth outpaced flats by more than 20 percent.
So for those looking for a bargain, we’ve rounded up pictures of five of the cheapest examples on the market in Hull right now.
The report found that semi-detached houses now cost an average of £280,425 after growing by 71.4 per cent (£116,817) over the last decade, while semi-detached houses now cost £235,529 after increasing in value by 67 .6 percent (£95,024) since 2013. Flats have seen price growth of 51 percent (£77,127) in the last decade, and now cost an average of £228,441.
Jason Ferrando, CEO of easyMoney, said: “This research shows just how safe real estate investment is in this country. Despite all the economic and global turbulence that we have endured in the last decade, the negative annual variation in prices has only been registered twice and in both cases it was the flats that lost value, and on neither occasion did the loss exceed -0.7%.
Condos have still generated positive ten-year investment returns, proving that even in the worst of circumstances, residential property is one of, if not the most, reliable investment assets money can buy.”
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