Why Invest in Property in 2024

Investing in property in 2024 presents unique opportunities as global markets continue to adapt to post-pandemic realities and shifting economic conditions. The International Monetary Fund projects global economic growth at 2.9% in 2024, reflecting steady recovery across markets.

1. Market Recovery and Stability

Many markets are stabilising post-COVID-19, with increased property values and strong demand. In the UK, for example, property prices are expected to grow by around 5% in 2024, driven by housing shortages and inflation resilience.

2. Increased Rental Demand

With rising living costs, more people are renting rather than buying. This trend is expected to continue in 2024, creating opportunities for buy-to-let investors who can benefit from higher rental yields.

3. Attractive Financing Options

Mortgage rates, while rising, remain historically low compared to the past decade. This makes borrowing for property investment more affordable, allowing investors to leverage financing for potentially higher returns.

4. Diversification and Inflation Hedge

Property continues to be a reliable hedge against inflation, as property values and rents typically rise in inflationary environments. As global inflation is forecasted to remain above target, investing in property can help preserve capital value.