Skip to main content Skip to footer

The market for selling?

Hi, I am trying to invest in a 1 bedroom flat in the city centre. Will there be an increase at least after ten years? If yes, then what should be the percentage? Bit apprehensive. Your views would be appreciated. Thanks. Manju.

Asked on Oct 12 2013, General in London | Report content

Answers (1)

Was this question useful? Yes 0 No 0
  • Hello Manju. Which city centre do you intend to invest in? Only a fool or a liar can promise you a percentage return on property don't look for it. As you are cautious a cautious assumption would be to assume that property will rise in line with general inflation over a long period of time. Generally property has outperformed general inflation in the past. Inflation is currently over 3% but the BOE sets a target of 2% or less. As a novice investor with a realistic time horizon I would urge you to focus your mind on yield in the short term. Growth will take care of itself. Make sure that you will not be in financial distress when interest rates return to normal. They probably will. To put your original question into perspective I cannot think of a 10 year period where property prices have fallen. Repossessions are quite a good way to find a bargain.

    Answered on Oct 16 2013, Report content

Didn't find what you were looking for? Ask a question

More General in London questions on AskMe

See more AskMe Q&A about General