The most famous cryptocurrency has delivered returns of almost 5,000% over the past decade.
advertisementThe London property market has proven to be one of the best markets to invest in over the past decade, with yields exceeding 44%, according to a recent market analysis by British real estate company Foxtons.
The estate agent analyzed the performance of the UK-owned residential property market compared to nine other popular investment options, including Bitcoin and the FTSE 100. They found that only two investment assets achieved higher investment returns over the past 10 years.
It's hard to beat the impressive 4,963% yield recorded by Bitcoin over the past decade.of Cryptocurrency had an average value In December 2013, it was $840.3, but it rose to $42,544 by December 2023 (it rose further after that, and by mid-March 2024, the value of 1 Bitcoin was more than $73,000). reached a new all-time high).
Meanwhile, gold, a safe investment, came in second place with an investment return of 66.8% over the same period, and its price in 2013 was around $1,223.9, reaching $2,042 in December last year.
While the price of silver rose modestly by 22.9%, investing in the FSTE 100 index (which tracks the stock prices of the 100 largest companies on the London Stock Exchange) returned an even smaller 15.7%. Dew.
The worst choices turned out to be WTI crude oil (-26.3%), Brent crude oil (-30.2%), and natural gas (-41.5%).
“The investment environment is constantly changing, and while some traditional vehicles such as natural gas have fallen sharply in value over the past decade, other emerging markets such as cryptocurrencies are experiencing increased volatility. Yes, we are experiencing a boom period,'' said Foxtons CEO Guy Gittins.
Is brick and mortar in London too expensive?
The average price of a house in London in December 2013 was £352,028 (€411,237). The average price is now £508,037 (€593,486), an increase of more than £156,000 (€182,238), according to the study, which looked at Land Registry data.
“The London market is undoubtedly at the top when it comes to UK property investment, and while last year may have been a difficult year, London home values have still risen significantly over the past decade,” Gittins said. he said.
A UK estate agent expects London's property market to attract high levels of investment from investors as it “turns the corner in 2024”.
