Best Areas to Invest in Property in the U.K.

Although 2020 was difficult for most, and 2021 seems little different, the property market within the U.K. has been booming. The changing priorities of workers required to work from home means that homeowners, and renters alike, have opted for more suburban properties than that of the city life.

Every region within the U.K. has recorded substantial rises in their house prices showing that the times are changing and that perhaps your investing strategy should too. Along with lower interest rates and the current Stamp Duty holiday, the main question is, which areas are the best for U.K. property investing?

Birmingham

As the U.K.s second largest city, and continuing to top the charts over the last five years, Birmingham has yet again comes out as one of the best areas to invest in 2021. The average rentals have increased by 30% over the last ten years and are expected to rise a further 15.9%. With the Midlands Metro extension, the HS2, and other exciting projects planned for this area , it is plain to see why this city’s appeal is growing. The demand for housing in this area is staggering, with an expected population of 1.24 million by 2030. Get in while it’s hot and start investing in Birmingham Properties now!

Manchester

The “Capital of the North” is a true powerhouse when it comes to property in the U.K.. Bringing together young professionals, along with families that are looking for affordability, all with the highlights of a thriving social life, and some of the most fantastic career opportunities within this area, Manchester’s appeal continues to grow and shows no signs of slowing down. With the highly anticipated Great North Rail project set to begin in 2022, this area is bound to flourish with house prices expected to rise by 17.1%. When it comes to Buy-to-Let investments, Manchester has been considered as one of the safer bets in the U.K.. It’s further been recommended that investors look into the luxury city centre apartment markets, some of which we have featured here.

Nottingham

With the prices of properties in Nottingham being more affordable than that of other cities like Manchester and Birmingham, and the fact that it is driven by a huge rental demand, it’s safe to say that this is a fantastic buy-to-let investors dream. Containing two major Universities as well as the Queens Medical Centre, the student population along with the 6,000 or so medical staff requiring housing is a massive selling point. Offering quality yields of around 9% in several city centre postcodes, it’s worth looking at the possibly opportunities in this area.

Leeds

With one of the fastest growing economies in the country, and home to over 800,000 people, the growth of this city is expected to rise by 13.7% over the next five years. The majority of the households in Leeds are currently renting, which makes this area a fantastic option for buy-to-let investors.  With consistent returns in this area, why not browse our Leeds Investment opportunities here.

Sheffield

Yet another fast-growing city in the U.K., Sheffield has blossomed over recent years. With circa £480 million being invested into developing its retail district and around one in ten of the population here said to be students, prices in this area have increased by 223% over the last twenty years. Despite this and the fact that it may be slightly slower in catching up to the greater cities in the U.K., the potential of this area is massive, and it may be a good idea to invest now and reap the rewards later. View our latest Sheffield Properties here.