What To Look Out For In 2023 In UK Property Investment
As we approach the end of 2022, I’d like to share my thoughts on some key themes for 2023 in residential investment…
📍 Sustainable Development — Your tenants’ focus is on minimising utility expenses, primarily to cut costs. And there are other EPC changes coming.
📍 New Technology — The growth of smart homes shows no signs of stopping, which is opening up opportunities to provide higher-end, higher-margin accommodation for your tenants. Creating an upscale niche is critical.
📍 Regeneration of city centres and high value areas — Discovering a town’s Local Plan will give you information about its future and how to take advantage of its opportunities. It is now more important than ever to recognise stronger potential investments.
📍 Student housing and co-living investments — Still a developing area and currently still time for you to benefit from this industry.
📍 Short term lets and serviced apartments — Keep in mind that selecting a saturated destination or getting the guest avatar misidentified can lead to disaster.
📍 Overall — It is not possible to predict where house prices or mortgage rates will go in 12 months. But there will always be opportunities where the numbers add up, if you know where to look.
