New research by Middleton Advisors shows that homebuyers should keep their property for at least nine years to avoid making a loss on their investment. However, Londoners can expect to make a return on their property investment in less time due to a greater number and higher turnover of homes in the capital. The data shows that people who buy flats and terraced properties, which make up the majority of London housing stock, own them for less time than those who are buying detached and semi-detached houses. On average, people are keeping their properties much longer, with the research indicating that private-sector buyers tend to retain their properties for 20.2 years. Over each of the possible 20-year periods since 1952, average UK housing has grown in value by an average of 8.7% a year, a higher median rate of growth than the FT All-Share Index, which averages 6.8% by the same measure. |
Evening Standard (25/05/2023) |