Could buy to let portfolios be higher in value as house prices rise?

11 August 2010

Written by Gavin Elley

Buy to let investors may have seen an increase in the value of their portfolios as it has been reported that house prices rose in June.

The Department of Communities and Local Government revealed that the worth of property was 9.9 per cent higher that month compared with the same period in 2009.

Over the three months starting in April, the price of houses increased by 0.8 per cent to a mix-adjusted average of £210,775.

During the first quarter, the value of homes added a seasonally adjusted 2.8 per cent, the organisation stated.

New properties cost nine per cent more than they did a year ago, while abodes that had been lived in before were up ten per cent.

The latest Halifax House Prices Index showed that the worth of homes rose 4.9 per cent in July on an annual basis, which is found through the comparison of past three months' average and the same period a year earlier.

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