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UK property investment generates capital returns of nearly 10%

New research from Halifax has revealed that property investment in the UK has generated nearly 10% capital growth in the last year.

House prices rose by 1.1% between September and October, contributing to quarterly growth of 2.8% and annual appreciation of 9.7%.

And many expect this to continue to rise. More than two-thirds of British people expect the UK’s average property price to grow again over the next twelve months, while only 5% believe prices could drop. Currently, the average property price in Britain stands at £205,240.

Halifax’s data also showed that property investment mirrors the wider housing market, with demand hugely increasing and supply of new property remaining at a record low. To further highlight this, the bank’s research revealed that new instructions by sellers fell in September for the eighth consecutive month.  

“Improving economic conditions and household finances, together with sustained low mortgage rates, have boosted housing demand during 2015,” Martin Ellis, Halifax’s Housing Economist, said: “Strengthening demand is filtering through in to higher sales levels, although the ongoing shortage of supply is acting as a significant constraint on activity.”

He added: “The imbalance between supply and demand is likely to persist over the coming months, maintaining upward pressure on house prices.”

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