The UK’s upcoming property investment hotspots

property hotspot

The start of a fresh year is a popular time for those new to the investment game to think about making the most of their money, and for those already on the property ladder to consider where they’ll buy next. If you’re keen to invest during 2017 the great news is that the UK property market is still booming and with prices set to rise you could do worse than buying to let, or completing a renovation project of your own. All you have to decide upon is where to buy; what areas are going to offer you the biggest return on your money?

Some of these hotspots may surprise you…

Think property investment: think outside the box

London, Manchester, and Surrey all have their advantages when it comes to property investment; from business opportunities and economic growth, to community appeal, rising demand, and increasing rental yield, each of these areas is appealing to property investors for its own reasons. However, while you’ve no doubt heard of, and even considered, the potential of such locations, the next twelve months are likely to see some exciting investment opportunities occurring elsewhere in the UK.

If you’re thinking about property investment and would like to think outside of the box, do consider the potential of some of the following locations…

 

York

The historic city of York is one of the UK’s brightest prospects for property investors. As it stands, property prices are rising, although they’re still affordable for those entering the market. There’s also a huge demand for rental properties thanks to the burgeoning student population and a flurry of businesses choosing to settle there; the city has become a property investor’s dream. Although the centre of this city dates back many hundreds of years, and has seen its fair share of history, York’s properties are a mixed bag of old and new, with innovative developments, remodelled housing, student accommodation and family homes for sale. There’s something for every investor, and specialists such as those at The House Shop are waiting with further advice regarding your purchase.

 

Liverpool

Continuing the north-westerly theme is Liverpool, which frequently follows closely behind Manchester in property investment league tables. Another popular hub for students, Liverpool has undergone something of a transformation in recent years; numerous housing projects and regeneration schemes have seen the city become a sought-after location, although its house prices are still comparatively low. It’s clear that this city’s buy-to-let market is thriving, featuring an array of contemporary homes, innovative apartment accommodation, and remodelled social and council housing that relishes new life. There are also a number of older properties ripe for renovation, almost guaranteeing investors a return on their money; a city of culture in 2008, Liverpool is going places fast.

 

Norwich

Close to the waterways that are the beautiful Norfolk Broads, the county’s dramatic coastline and some of the UK’s most picturesque countryside, the charming city of Norwich is one to watch, particularly as the dualling of the A11 has made it more accessible than ever before. Beloved by tourists and day-trippers to the East of England and home to the thriving University of East Anglia, Norwich is an attractive prospect. Indeed, property prices are set to rise further this year – a green light to anyone who may have been considering purchasing buy-to-let property in this region. The city’s properties include smaller terraced and semi-detached properties, remodelled housing, student accommodation and much bigger homes on the edge of Norwich. Whatever your budget, and your plans for your investment, this city has earned its title as a property hotspot.

So, there you have it; while not exhaustive this list of exciting, upcoming property investment hotspots should inspire you to think outside of the box before making any decisions regarding your money. We do hope that 2017 is a prosperous one for you, and look forward to hearing about your triumphs over the coming twelve months.

 

 

Latest posts by Julie Hanson (see all)

LEGAL INFORMATION

This site is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. We are compensated for referring traffic and business to Amazon and other companies linked to on this site. We may also do this with other affiliate schemes.

You May Also Like…