The Sunday Times Rich List came out on the 7th May and revealed that over a quarter of the top 100 richest people in the UK list property as a major source of their wealth.
164 of the top 1,000 richest people have made their money from property and are worth £143.7bn collectively. Financiers, of which there are 10 in the top 100, are worth £65.2bn collectively.
As the value of property in the UK now stands at over £5tn, up from just over £1tn in 1995, there is still a significant amount to be made from investing in property. Nearly 60% of the UK’s entire net wealth is property and with average prices increasing by 6.2% over the last year investing in property will give you good returns both in terms of rental yields in the short term and capital growth in the long term.
Choices Investments have today released a comparison between currently available properties and typical ISAs, current accounts & saving accounts which can be seen by clicking here. Property still offers a savvy investor the opportunity to make good returns on money invested and Choices Investments have opportunities available that are giving 17% ROI. If you want to be able to get close to the elite at the top of the rich list, please get in touch with us by calling 01342 840050 or emailing email@example.com.