Equity release and the property market in Warwickshire
Investing in property has always been considered ‘as safe as houses’. Regardless of fluctuations in the housing market over the years and during economic downturns, people always expect property prices to rise in the future. This is why property and buying your own home continues to remain one of the most reliable ways to generate long-term wealth.
If you are thinking about releasing equity in Warwickshire, you may be keen to know about the state of the local property market and how this impacts on the value of your home. Warwickshire covers a large area in the West Midlands and includes historic areas, such as Stratford-Upon-Avon, Warwick, Nuneaton, and Rugby. According to Rightmove, sales in Warwickshire over 2020 were mostly detached properties that sold for an average of £445,000. The overall average cost of a property in the region was £302,000. There is a wide variety of properties in the area, including terraced, semi-detached, and large detached properties.
If you are based in Warwickshire and are thinking about ways you may be able to boost your retirement income, please call our advisers. We are always happy to travel to wherever you live in Warwickshire so we can get to know more about your financial situation and explore the options that may be available to you. To get a clearer idea of how much your property may be worth, please use our equity release calculator.