The UK remains one of the most in-demand destinations in the world for property investors. However, if you don’t know much about the real estate scenario in the UK at present, you might be confused regarding where exactly you should invest in property. In this post, we’ll take you through 10 of the best places in the UK that make for attractive destinations for property investors. So, let’s get right into it!
1. Manchester
The prices of properties in Manchester have grown by almost 21% over the last five years. The best thing for investors is that the trend is set to continue. By 2022, the city will also play an active role in the Great North Rail Project, which boosts tourism.
2. Birmingham
Birmingham’s property price growth in the last five years has been an impressive 17.4%. Experts predict that by 2025, the prices will rise even further, which makes for good news for property investors. Birmingham also has one of the best average income to property price ratios in the UK.
3. Nottingham
Nottingham isn’t as expensive as some of the other major cities of the UK, such as Manchester. However, its long-term yield growth going into the future looks promising. The city is also home to two major universities in the UK and the Queens Medical Centre, which is considered one of the country’s best hospitals.
4. Derby
Derby’s location in the heart of the UK makes it an attractive place to invest. However, according to market experts, it’s also witnessing an employment surge, which is set to raise property prices by 24% within the next four years.
5. Leeds
When it comes to the potential of long-term returns, Leeds is one of the best places to invest in the UK. It’s known for its rental market, which is set to grow exponentially in the coming years.
6. Newcastle
Newcastle’s affordability has made it an attractive destination in the UK for property investors. Like Leeds, Newcastle is also a rental hub and promises more rental yields in the future due to its growing start-up business scene.
7. Bracknell
If you’re looking to invest somewhere close to London without spending a fortune, Bracknell’s the ideal place. But, unfortunately, the government’s £770 million regeneration plan is also set to raise property prices by 19.1% in the next five years.
8. Edinburgh
Edinburgh’s reputation as one of the best places in the UK for property investors has remained, despite low rental yields in recent years due to a surge in property prices. According to market experts, the city will witness a 24.4% property price growth in the next five years.
9. Glasgow
Glasgow may not be as famous as Edinburgh, but it’s slowly making its way out of Edinburgh’s shadow. In the years to come, Glasgow’s economy is set to be on par with Edinburgh’s and property prices are set to rise by more than 24%.
10. Sheffield
While Sheffield’s rental yields are still not as high as those of the other cities we’ve featured so far, it holds a lot of potentials. Ongoing developments in the city’s shopping district are set to impact property prices in the years ahead directly.
