The average value of a property in Grantham would have to rise by an additional 13% to reach the property values of only six years ago, in the boom of 2007… However, inflation also plays a major part when it comes to property investment, as it seems to be eating away at savings and pensions but, in this case, it has actually helped people who invest or want to invest in property in Grantham. Inflation since 2007 has risen by 14%; therefore, to get a true indicator of the real value of property, you need to add the two figures together. This means that property in Grantham now, is 27% cheaper, in real terms, than in 2007.
Whether you are investing in a property as a home for yourself, upgrading from a smaller property to a larger one, or buying as an investment to rent out, there has not been a better time to buy since 2002. All signs suggested the market was about to take off back then, so only time will tell if the market is about to change.
If you would like advice when choosing properties, you may come and see us at our office on St Peters Hill, or email us – grantham@belvoirlettings.com
