Bricks and mor­tar still pay over time

Yorkshire Post - Property - - PROPERTY -

DAVID Whi­taker, of law firm Lupton Fawcett, says that hous­ing re­mains a very re­silient long term in­vest­ment and once again bricks and mor­tar are look­ing like a se­cure place to be.

He adds; “In the early 1970s the av­er­age house price was be­low £5,000. To­day you are look­ing at around £170,000. If you had put your money in the bank in 1970, and re­lied on com­pound in­ter­est, your cap­i­tal would be nowhere near enough to buy an av­er­age house to­day. How­ever, ev­i­dence sug­gests that if you had pur­chased a prop­erty in 1970; the value of your in­vest­ment would now have in­creased many times over.” He sug­gests that stu­dent prop­erty could be a good in­vest­ment.

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