24 Feb

Property outperforming ISAs

Property outperforming ISAs

Property is proving more profitable than ISA saving products, according to new research.

A study by Sequence shows that the average UK house has risen in value by 11 per cent since the start of last year but the most favourable ISA has only paid 1.85 per cent.

This could mean more good news for estate agents as many people opt to invest in bricks and mortar over the coming months.

Figures showed there were strong increases in the south east, with the average London house prices expanding by 21 per cent to reach £461,477 - 11 times the growth of ISA rates.

David Plumtree, chief executive at Sequence, said: "The property price growth we are seeing is outperforming all other types of investment, so anyone with cash in the bank is understandably looking to capitalise on the rising market."

Current figures show the UK property market remains buoyant, with an 18 per cent increase in transactions at the end of last year.ADNFCR-1222-ID-801696512-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.