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Time to invest in property: Housing BOOM sees prices go up by £15,000
February 15, 2017Article by Chelsea Battle
BOOMING property values make homes Britain’s No1 investment, finance experts said last night.
House prices rose an average £15,000 last year, far outstripping the returns on a savings account. These figures were seen as further evidence of the wisdom of buying your own home.
Investing in bricks and mortar will prove far more profitable in the long term than paltry interest rates offered by banks since the credit crunch of 2008. The booming housing market means property is forecast to play an increasing role in pension planning for retirement.