Southampton property market set for more growth in 2018

Following a strong 2017 for property in Southampton, 2018 is expected to be another positive year for buyers and investors in the city. With house prices continuing to increase and the local rental market going from strength to strength there is much to look forward to this year.

Rental yields in Southampton remain high, standing at 5.5% according to the latest buy-to-let hotspot by totallymoney.com. Southampton’s strategic position, two universities and local airport make the city a great choice for investors and buyers alike.

Richard Fowler, Director, Knights Porter / Lettings Direct expects this trend to continue in 2018, saying: “Using 2017 as a gauge we are optimistic about what this year will hold for the property market as a whole, whether people are looking to buy, sell or rent. The government’s commitment to building homes and getting people onto the property ladder through the Help-to-Buy Scheme, as well as the freezing of Stamp Duty for first time buyers, is encouraging and we expect more people will see 2018 as the year to buy as a result of these initiatives.”

Richard added: “I was once told that the best time to buy was years ago and the next best time to buy is NOW! Meaning that property increases in value over the years and the early birds stand to gain the most. This isn’t a fad, but a hard fact of life that over time the best long-term investment is property. Whether for cash buyers or those obtaining a mortgage, property has always shown a very good return on investment over the longer term.”

With such positive factors at play, housebuilder Crest Nicholson is encouraging savvy investors to visit Centenary Quay, which is currently offering above average capital growth percentages for Southampton, itself one of the best performing investor hotspots in the country.

Crest Nicholson’s Sales and Marketing Director, Marcus Evans, explained: “Southampton is increasingly on the map as one of the best places to buy in the UK and Centenary Quay has supported this growth. The development offers a beautiful home for people looking to build their life in Southampton, as well as strong return on investment for those looking for a property to invest in.

“Centenary Quay is continuing to go from strength to strength and is now a thriving waterside community. Residents and prospective buyers can enjoy the strong local community with restaurants, shops and green spaces.”

Homes at Centenary Quay continue to prove popular, and interested parties are encouraged to act quickly to avoid disappointment. For more information, please visit: https://www.crestnicholson.com/developments/centenary-quay/or call the sales team on 02380441746