Fri, 29 Jun 07
Savvy investors on a quest for
As an increasing number of Brits decide to put their money into bricks and mortar as opposed to pension schemes, many
The East Anglian Daily Times reports that house prices in
As such, savvy buyers are looking to
Appealing location
Commenting on these developments, Sean Humphrey, chairman of the
Suffolk's proximity to London makes it an appealing location for those looking for a second out-of-town home or new landlords hoping to make steady rental income.
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He added that this trend is unsurprising. "As long as we continue to have high employment, more people moving to
Explaining the appeal of property over pensions, he added: "[Many investors] want something that they can also enjoy at weekends so decide to buy a second property because they can get a rent when they are not there, which in many cases will be greater than a pension fund."
Quaint slice of English culture
Historically, much of the appeal of the region has been linked to its reputation as a quaint, quiet slice of English culture, an idea supported by the fact that areas such as Babergh and the heritage coast have the highest prices.
Though this may be pricing locals and first-time buyers out of the market, experts are confident that strong demand from elsewhere will fuel further growth and ultimately keep
Meanwhile figures from the Department for Communities and Local Government (DCLG) show that property prices in London, the south-east and south-west are currently above average, forecasted to continue in the these trends for the foreseeable future.
According to the DCLG the average
With rising property prices and a relatively high number of available properties on the market
Source: Assetz
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