Property outperforms equities and savings - Industry in depth - Mortgage Introducer UK

Property outperforms equities and savings - Industry in depth - Mortgage Introducer UK

This is according to the latest House Price and Affordability Index from FindaProperty.com which found that since the start of this year, average property asking prices have risen by £4,617, roughly in line with CPI inflation at 2.2% and therefore outperforming other investments including instant access savings accounts and the FTSE 100.

The European debt crisis and the removal of the United States’ AAA credit rating have sent equity markets plummeting. As a result the FTSE is currently 13.7% lower than it was at the beginning of the year.

With interest rates remaining at rock bottom throughout 2011, savings accounts have not performed well either, with the average ............