Five Best Places to Invest in Property in the UK
Are you thinking about investing in property in the United Kingdom? If so, then you’re far from alone. With a fast-growing market, there has never been a better time to snap up a home in the UK.
So, where are the best places to buy and what should you be looking for? Let’s take a closer look.
1. Birmingham
Birmingham remains one of the best cities to invest in due mainly to the massive regeneration that has taken place in recent years. Furthermore, with demand still high and further growth forecasted, you’re almost guaranteed to see a good return on your investment when you choose to purchase a property in Birmingham.
Plus, if you intend to rent out your new home, you’ll be pleased to hear that the average rental charges have risen by a whopping 9.2% over the last year.
2. Derby
Derby is located in the heart of the UK, bridging the gap between the North and the South. With a youthful population and good connectivity, this city has an impressive 17 universities within an hour’s travel and is home to a student base of around 34,000.
Research suggests that property prices in Derby will increase by around 20% in the next five years, as well as a predicted 12% rental growth by 2026.
3. Bristol
Bristol is one of the top tourist destinations in the UK, with a population of more than 450,000. This city has a thriving property market, with good demand from both buyers and renters.
Furthermore, as it has a predominantly technology and finance-based economy, demand for housing in Bristol has never been higher. If you think this may be the UK city for your next investment, the next step is to speak to a Bristol real estate agent who will have the local knowledge needed to find you the perfect property at the perfect price.
4. Leeds
Leeds has quickly become one of the most popular UK cities to invest in due to the strong rental returns it provides. With the second largest banking and finance sector in the country, Leeds is hugely popular with professionals working in these fields.
It’s ideal for anyone looking for a long-term investment in the UK, as around 73% of Leeds households are currently renting, so you should have no issues finding tenants for your property.
5. Manchester
Property values in Manchester have increased by over 13% in the last five years, making this vibrant and diverse city a magnet for investors. Home to over 100,000 students and an above-average graduate retention rate, Manchester is a prospective rental hotspot.
This bustling city has also been recognized as a top location for new businesses and entrepreneurs due to recent regeneration projects such as Spinningfields and MediaCity UK, which are set to bring in lots of new people and create many new jobs.
And there you have it—the top five places to invest in the UK. Which city has caught your eye?