Going for Gold
In this speed read we take a quick look at the comparison between the increase of gold and property prices.
Team GB are bringing home the medals at Tokyo 2020, but property not gold has proved the best investment proposition in recent years.
The average price of residential property has increased by 46% over the last 10 years, over double that of gold.
Over the same period the FTSE 100 has risen just 18%, as it remains below its pre-pandemic high despite a positive economic recovery.
At present there is little sign of a slowdown in property market conditions. Mortgage approvals in June were over 20% higher than the long-term average (Bank of England) and demand in the market remains high.
Source: Dataloft, Nationwide, LBMA, FT
We must say that for our athletes, winning gold in Tokyo is priceless!!