Hotspots In The UK For Property Investors
It might be difficult to decide where to invest in property…
Here are some of the best-performing cities in the past year…
📍 NOTTINGHAM
With returns topping 11%, it’s no wonder that the proportion of sales originating from investors (rather than owner occupiers) has been greater than everywhere else in the UK. However, with a housing price increase of 9.8% year on year and record low levels of inventory, excellent deals are becoming more difficult to obtain without assistance.
📍 LEEDS
Leeds’ average prices are about 30% lower than the national average. However, as the population has grown, investors and property purchasers have driven up prices above the UK average. Some outlying areas, such as Temple Newsam, have increased by 22% year on year.
📍 MANCHESTER
Despite the massive city centre construction and high prices, it remains popular. The greatest increase in housing prices has been observed in several districts of Manchester, with typical rentals in the city now reaching over £1,100 per month.
However, many investors are already wondering if popular cities like these will continue to expand at the same rate in the coming years.
> Whatever strategy you choose, most investors want to combine monthly income with long-term capital appreciation.
> There are numerous key secondary towns and cities that I feel are now underpriced and will provide above-average returns in the next 3–5 years. Location is always important…
