Partner Article

North beats South in survey

IT MAY not carry the same postcode-kudos as a leafy London suburb but when property experts compared the forecasts of similar specification properties in North Shields and Hampstead, it was the North that came out on top.

Results identified by online property experts, Do the Sums revealed that over the next five years the property in North Shields, Tyne & Wear was anticipated to gain in value by 29.6% whilst the similar sized property located in trendy Hampstead was expected to drop by -7.3%.

Jim Marley, director of Do the Sums, said: “Our results are somewhat surprising as they demonstrate that image and historical performance only are not good indicators for future growth and should not be relied on when buying property, if you want to guarantee a good return.

“An area may look attractive and be ‘on-trend’ now, but our forecasts show that it’s not as easy as choosing the area with the hippest bars and coolest cafes when identifying where to spend your property cash. This is why we recommend speaking to experts who can look deeper into facts and figures before recommending a purchase. Even if the area seems to be a safe bet today, will it still be ‘the place to be’ in five years or more?”

This was posted in Bdaily's Members' News section by Ruth Mitchell .