Posted on Friday, August 6, 2021
- Team GB are bringing home the medals at Tokyo 2020, but property not gold has proved the best investment proposition in recent years.
- The average price of residential property has increased by 46% over the last 10 years, over double that of gold.
- Over the same period the FTSE 100 has risen just 18%, as it remains below its pre-pandemic high despite a positive economic recovery.
- At present there is little sign of a slowdown in property market conditions. Mortgage approvals in June were over 20% higher than the long-term average (Bank of England) and demand in the market remains high. Source: Dataloft, Nationwide, LBMA, FT