Ace-ing the property market

Sat, Jul 13, 2019

The 133rd Wimbledon Tournament finishes tomorrow 

Over the past two weeks around half a million spectators have:
  • Watched some 675 matches
  • Eaten 23 tonnes of strawberries
  • Drank over 150,000 glass of Pimm’s, and
  • Consumed 10,000 litres of ice cream!
The total prize fund for Wimbledon this year is a massive £38 million, and has risen by 11.8% since 2018, far outpacing the current rate of house price growth (1.4%). The winners of the singles Championships will both be presented with a cheque for £2.35 million, a 4.4% increase on 2018.

If the players are looking to invest their winnings in residential property, the prize money will go a long way. All but 0.24% of all property sales over the last year have been under £2.35 million, while over one third of all property sold for less than £176,000.

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