Finding a good place to invest can be a little tricky, especially if we’re talking about properties, the housing market, and the whole real estate field.
This is because you can’t just base your purchasing decisions on the current and future prices. You also have to consider factors like the expected growth, yield rate, the market’s demand, and several others. Fortunately, unlike others, you won’t have to worry about depreciation. This is one of the best things about the field.
That said, let’s start talking about investing in a property. When starting out, it’s best to look at the ideal locations. This will lead you to prospective properties, and then leads, and, ultimately, sales. So, what are the best places to invest in property in the UK? Let’s find out in the following sections.
Before that, keep in mind that you need to consider working with a reliable conveyance solicitor to get help in taking care of all the legal matters involved in buying a property. Browse through the best local conveyancing quotes to make the most out of your investment.
1. Liverpool
Liverpool is probably the most famous place when talking about which location is best for property investors in the UK, and for a lot of valid reasons.
For instance, the said city already has a reputation of providing high-yielding rates for investors. Note that we’re talking about a constantly increasing return for consecutive years, that is, from 2018 to 2021. Hence, you can rest assured that things will flow in the same positive manner from 2022 onwards.
Not only that, but Liverpool is also known to have investment opportunities worth a whopping £20 billion. This is just in property assets alone.
2. Edinburgh
Edinburgh is one of the top ten cities in the UK with the highest number of property investment opportunities for investors. The average yield in the city amounts to around 6%, which is already a significant amount if you’re aiming for high returns on your investment.
Probably the only con in investing in Edinburgh is the relatively higher housing prices in the market. Compared to buying from other cities, you may have to prepare more capital here to buy a property. Still, you’ll find this worth it considering that Edinburgh is a popular city, and the demand for housing in the place is high.
3. Sheffield
Sheffield is one of the fastest-growing cities in the UK when it comes to sustaining economic growth, redevelopments, and property-related projects.
That said, it’s evident that all these will lead to a continuously increasing price for properties, no matter if they’re residential or non-residential. Ultimately, this makes Sheffield one of the most suitable places for investors who are looking into growing their assets.
Another reason why you should consider Sheffield is the fact that its housing prices stay on the budget-friendly lane despite the constant hike. You can expect to be able to work around your capital around this location, while still being able to aim for high yields and returns.
4. Manchester
Machester is “hot” when it comes to property investments. It’s a part of the UK’s top three when it comes to this aspect. Investing in a property located in this city will not only give you the benefit of accessing a high-quality living, but you will also be able to reap opportunities in gaining extremely high returns on investment and capital.
The housing and overall property market in Manchester is also constantly moving, which is another plus if you’re used to working with a fast-paced market rather than a slow and passive one.
5. Glasgow
The last on our list is Glasgow. With the busy cities, large population, versatile establishments, and promising economic growth, you can rest assured that investing in a property in this city will be one of the best choices that you can make. Scotland even deems this location as the city offering a “golden opportunity” for investors because of the relatively high returns that one can receive over time.
Summary
To sum it up, the top five places that you should look into when investing in a property in the UK include Liverpool, Edinburgh, Sheffield, Manchester, and Glasgow. These are best-performing when it comes to gaining price hikes and providing high yields for investors.
Not to mention, the said cities are also ideal to live, study, and work in, which means that you can already guarantee a large market base and potential leads.
On the last note, again, make sure that you have a legal professional by your side every time you decide to buy or sell a property. Work with conveyance solicitors, and go through conveyancing quotes comparison sites to ensure that you’re making the right choice.
