The UK property market is perfect for investors looking to expand their portfolios. From luxury city centre apartments to highly profitable student accommodation, there are several excellent options for potential investors. With a general increase in demand for rental accommodation, it’s a lucrative time to invest in UK property.
Manchester
Manchester is the UK’s second city. It is located in the North West of England and has a strong industrial past. Manchester is the fastest growing city outside of London. New developments in Spinningfields and MediaCityUK are attracting other developers. With an influx of new professional workers, the demand for city centre property has dramatically increased. Recent investment in new developments, skyscrapers and the city’s universities show that Manchester’s growth shows no sign of slowing down. Up and coming areas like Salford Quays, the Northern Quarter and Ancoats allow investors to buy property at lower prices than other more established locations. They are also more desirable for younger tenants, from so-called generation rent who have stayed in the city after graduation. Manchester property is proving incredibly lucrative for investors and property investment specialists like RW Investhave a range of stunning buy to let properties with excellent rental yields.
Liverpool
The city of Liverpool is reportedly the top hotspot for UK buy-to-let property investment. With low initial prices and a growing student population, Liverpool can be an affordable investment option for new investors.With a rich history and vibrant cultural scene, the city is on the rise. There have been vast regeneration schemes like Liverpool One, Liverpool Waters and Paddington Village. City centre property in Liverpool is still relatively affordable for investors, with high yields of over 10% in some areas. Property prices are also on the rise, with strong potential for capital appreciation. Areas like the Albert Dock are perfect for high end apartments, with views over the river Mersey. Comparatively, trendy areas like the Baltic Triangle and the new Fabric District offer more value.
Leicester
Leicester is a bustling city in the Midlands with a diverse population and plenty of investment opportunities. Property developments in the city are increasing. Leicester attracts a large number of students every year and has a robust retail economy. The supply of rental accommodation is far lower than the demand in Leicester. For investors this can provide a valuable opportunity, with an abundance of tenants. Properties in Leicester offer a high yield and the city centre is compact with many amenities nearby. There has also been a decrease in transaction time showing that properties are being taken up quicker.
London
The Capital of the UK, London has long been seen as a solid place to invest. It has a huge economy, one of the world’s leading financial centres and the headquarters of many UK firms. As a result of this,people who live in London tend to earn significantly more than other places in the UK. London property prices are far higher than other areas of the country but it’s rental rates are equally expensive. Property investors can look to developing areas like Brixton, Battersea and Shoreditch which are attracting young professionals. For investors with access to more finance,areas like Chelsea and Kensington provide opportunities to capitalise on London’s wealthier renters. These areas can be a more affordable option for investors but can’t compare to the prices of property in cities like Liverpool and Leicester.
