(Newswire.net — July 26, 2019) — Brexit headlines and the general negative hum that surrounds the press at the moment might lead investors to believe that the UK is not the best area to invest in going forward, but this actually isn’t the case. For the property investment market, not only are most areas in the UK set to increase in both house price growth percentages and rental yields, but certain cities (and the urban hotspots within those cities) are set to thrive. This will do great things for the country’s economy in the future, making them worth destinations to get involved in for the chance to prosper down the line.
For the first-time buyer thinking about the best possible place to invest their starting capital, to the experienced investor looking at where might be best to expand their portfolio to next, here is a list of some of the best Investment spots set to thrive in the UK.
Liverpool
At the top of many lists for the most promising cities of tomorrow, Liverpool is an area that has many of the key factors important to consider when investing: a vibrant culture and economy, popularity, and the ability to affordably buy property and make justifiable returns. Liverpool’s vast student network also makes it an excellent destination to invest in the new era of purpose-built, student accomodation.
Sleek, luxurious apartments are starting to become more common in the city, satisfying those with the need to be on the doorstep and within walking distance of what it has to offer. Property investment companies such as RW Invest are at the forefront of these developments with their off-plan projects, preparing and giving investors the opportunity to root themselves in the city with a viable investment going forward.
Manchester
Manchester is another northern city that, alongside Liverpool, is set to segment the draw that London once had over students, young professionals and workers looking for career success. Not only does the city offer much more affordable housing than the capital, both for investors to buy and tenants to live in, but the thriving tech hubs and creative melting pot it provides again rivals the capital. Other areas in the UK are now being seen as competitors to London, and it doesn’t necessarily have the concentration of skilled and talented workers anymore.
In terms of investment opportunity, Manchester’s regeneration and popularity are mirrored in the high rental returns and house growth that it provides and will continue to provide. Rental yields in Manchester can reach upwards of 5.5%, and by 2022 it is estimated that the average house price with increase by 16.5%.
Leicester
With an average house price growth of 4.4% in the last year, the East Midlands region is one of the top performing areas to invest in in terms of the immediate future. Leicester is often a popular choice among investors due to its business ties.
The city again has three high-achieving universities and thus a large student base that will be in need of accommodation during studies and after they graduate. Again, diverting workers away from more expensive places in and around London, Leicester is advertised as one of the best cities in the UK to do business with, and it is estimated that operating out of Leicester will save around £12,000 per employee ever year.