UK property offers investors double-digit returns

Residential property in England offered investors double-digit annual returns last year, it has been claimed.

Standing at 10.4 per cent, the IPD UK Residential Index shows that individuals with real estate in the UK enjoyed capital growth of 7.4 per cent and income growth of 2.8 per cent.

Speaking at the IPD UK Residential Annual Launch, Mark Weedon, head of UK residential services at the firm, said: "Residential performance continues to deliver high returns with low volatility."

He added that central London property had outperformed the rest of the market and offered impressive annual growth of 13.1 per cent during 2010.

The tenth yearly residential index also reveals that residential property outperformed all other main asset classes.

"With returns of over ten per cent, year-on-year, none of the major asset classes come close," Mr Weedon said.

According to the latest real estate index published by Halifax, residential property prices recorded a fall of 0.9 per cent compared to the previous month. It means that the average house price in the country now stands at £162,867.

Article by +Peter Mindenhall on behalf of Propertyshowrooms.com