With house prices and number of sales fluctuating throughout 2020, no one would have predicted the average house price seen today. The second quarter of the year saw a plummet in sales, however, prices stayed relatively stable. For the first time ever within the UK, the average house price has been marked as £256,000. Throughout the year, the average house price has increased by 2.8% with the largest growth being in the East Midlands, in fact, every region saw growth. With the price of property steadily increasing on average since 2009, does this trend result in a secure investment?
What does this mean for you as a land owner?
If interested in property development, it looks as though now is the time to start. As housing prices rise, as will your potential profit margin. If ever there was a time, it seems as though now would be it. A main concern for developers may be the longevity of this spike. However, with demand for properties ever rising, the forecast for the average price is likely to follow a similar pattern.
As an investment, property seems to many to be a safe bet. However, within all projects, problems can arise. If such problems are not handled well, profits can soon dwindle. Trust in a property development company such as Nevill Developments to help you make the right financial decisions.
How can Nevill Developments help?
As a property development company, we understand the concerns of those about to venture into a project. For those with little experience, a development project can be daunting, that’s where we step in. By enabling Nevill Developments to oversee and manage the project, we will be able to help overcome any hurdles along the way.
In addition to helping those wanting to invest in property development, Nevill Developments is also on the continuous lookout for land to purchase. Such land, ideally with planning permission may have the potential to be built upon. If interested in the sale of your land, contact Nevill Developments today on 01206 700 124. Alternatively, email info@nevilldevelopments.co.uk.