Investing in housing has been twice as profitable as investing in gold over the past three years, ac...
Investing in housing has been twice as profitable as investing in gold over the past three years, according to a Nationwide survey. Latest figures from the building society show that house prices increased by 67.7% to an average of £129,258, while the price for gold gained just 35.4% during the same time. But, says Nationwide's group economist Alex Bannister, "while this makes housing look a fantastic investment, the current rate of house price inflation is not sustainable and we predict a far slower pace in the future". Nationwide's survey shows that house prices rose ...
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