10 Places to Invest in UK Property?
London is becoming highly unaffordable and for young people looking to start their lives or investing in properties, it is becoming extremely difficult. More and more people are looking to invest their money in properties in other Cities within the UK.
- Great Manchester
Prices of property in the Great Manchester area have gone up immensely over the years. According to Cushman & Wakefield, a real estate agency, Manchester tops other cities in the UK when it comes to property price inflation. In the 12 months leading to July 2018 prices in Manchester increased just under 9%, in comparison to Leeds at just 3.8%. In London where property inflation actually dropped by 1%. Not only are property prices increased, but the city has also improved vibrantly and has very many exciting places to live in. The city is not only a good place to invest in property but also there are opportunities to invest in the surrounding areas due to the growing economy of the region. Of all places I’d bet on, Great Manchester would be my first bet.
Liverpool takes a top spot on the best places to invest in property especially if your focus is on the northern part of the UK. Although the city has gone through a lot of regeneration, it hasn’t recovered from its 2008 price falls, meaning that the prices are currently lower than they were some years back. According, Hometrack, a property market analyst website, Liverpool is one of the three major cities in the UK where property prices are still below where they were 10 years since the 2008 financial crisis while other parts of the country had seen much speedier recovery. It is hoped that Liverpool will experience a rapid growth in time to come. Of the biggest regeneration in the UK is Liverpool waters project has been talked about for so long.
This is another city that has enjoyed a ripple effect from the developments taking place in Manchester. This is probably the one that is far most behind in terms of property growth. This, therefore, means that the prices are relatively low which is to the advantage of any property investor. The city has however improved dramatically and has a lot coming its way. Investing in Sheffield right now would be a very great idea since it is bound to have more opportunities in the future and with time as developments increase, the prices might increase as well.
This is one of the places that has made it to the list of the best places to invest in the UK since it is considered a hotspot in the UK due to its amazing property management. Due to its proximity to London, its prices are quite fair and affordable. Stevenage is a place that is very attractive to property investors because of its improved connections to other terminals in London.
This has never stopped to be the top UK property investment spot either for buying properties or the buy to let market. Its title has been retained over the years ranking it’s as 21st in position for overall investment in both domestic and European rivals. Its position has been retained over the years mostly because of the enthusiastic corporations globally. HSBC announced creating its headquarters at Arena which might lead to more job opportunities. This announcement might adversely lead to many young people settling down in the city which is a call for an increase in accommodation.
This is one of the best places to invest in UK property since it stepped into the limelight in 2017. It is said to be UK’s most beautiful city, due to Sherwood forest and Vale of Belvoir. The most attractive thing about Nottingham is that 25% of the population is between the
age of 16-24 years which is a prime age for people looking for rentals. Nottingham has two top universities—Nottingham Trent University and the University of Nottingham—both of which are scattered across several campuses in the city, with a total university student population of over 61,000.
Rentals in Glasgow receive quite a high amount since most of the population there consists of a young age group. Property prices have also been increasing slowly over the years. For anyone wishing to invest in property. 2019 would be the best time to invest in Glasgow before the prices go so high.
Leeds is a clean, vibrant and modern City in the northern English county of Yorkshire. Due to the crash and poor property maintenance that happened in Leeds, house prices
have not normalized like the other areas. However, Leeds’ population is growing fast meaning there might be an under-supply. Therefore, this would be a good opportunity for a property investor who can foresee the opportunities here.
- Milton Keynes
The chancellor is allocating funds to build new homes in Cambridge Milton Keynes. The transport links are also being improved making Milton Keynes being a location in the minds of investors. The city is also strategically positioned giving it an advantage.
Slough is one of the best places to buy property in the UK since not only is it a convenient place but also is along the new £14.8 billion Crossrail route. The eagerly awaited Crossrail is a rail line that will connect slough to central London within 45 minutes. It is estimated that boost the local economy in terms of job creation and connectivity to London. There are also many thriving businesses located in Slough which makes it a lucrative destination for property investors.