Every year, the UK property market changes, whether it’s due to Brexit or the buy-to-let market crashing, the changes can have a huge impact on where you decide to invest in property.
However, it’s important to remember that markets always rise again and you could be missing out on investment opportunities if you don’t act now! Here are some of the best places to invest in property in the UK in 2022.
Located just a short distance from London, Brighton is one of England’s most desirable cities. Thanks to an increase in younger people moving there, housing costs have risen significantly – which makes it a great place for investors looking to buy up cheaply and rent out.
However, bear in mind that renting is only allowed for 12 months at a time, meaning you need to be vigilant about maintaining your property and finding long-term tenants if you want it to be profitable. If you do find a good tenant, though, it can be extremely lucrative. The average rent for a three-bedroom home in 2018 was £1,540 per month.
With a 3.9% house price growth, rising from £174,416 ($225,000) to £192,770 ($249,000), Manchester is predicted to become one of Britain’s most sought-after destinations for real estate investors by 2022.
Property prices will continue their rapid rise as employment and tourism opportunities continue to flourish. While rental yields are low, with a 2.3% return on investment, it’s a great place to purchase properties with long-term capital appreciation in mind.
In addition, Manchester has been ranked as the UK’s second city for business start-ups; meaning you could potentially acquire an investment property that can also be used for your own business purposes!
Like many other cities in England, Manchester is a hot spot for tech startups. Average home prices rose more than 10% from 2021 to 2022, according to Rightmove. Though they remain lower than those of London or nearby Leeds. A new £1 billion housing development called Urban Village will be one of Glasgow’s most ambitious new projects.
In addition to being an affordable city overall, Glasgow has some great deals on luxury homes: One penthouse is listed at just under $1 million (£760,000). Prices are also relatively low in Aberdeen compared with other major Scottish cities like Edinburgh and Glasgow.
Like Manchester, Bristol is a post-industrial city that’s experiencing a boom. As one of its longest rivers, Avon, splits into two branches on entering Bristol (the northern branch becomes part of England’s longest river – Severn), it splits and runs through southwest England’s largest urban area: an important fact for city investors.
Although people have been talking about Bristol for years, now more than ever it is finally getting its dues – big time. It’s home to over half a million people, who enjoy some of Britain’s highest wages, as well as some of its lowest unemployment rates.
It also boasts some great shopping areas and excellent transport links with London. It has already received £1 billion worth of investment since 2010; with more than £5 billion expected by 2023.
It’s no wonder that Bournemouth tops our list. It is often referred to as Britain’s most liveable city, with its wealth of cultural attractions and beautiful coastline. If you’re looking for a place where you can enjoy the sun, then look no further than Bournemouth.
As one of Britain’s top tourist destinations, it is known for its sandy beaches, amusement parks, and watersports opportunities. What are you waiting for? Pack your bags and grab a slice of British culture before it runs away from you!
Newcastle Upon Tyne
Newcastle is one of Britain’s most economically vibrant cities. It is a gateway to Scandinavia and has excellent connectivity across Great Britain by rail, road, and air. As well as having competitive commercial rates compared with other UK cities, Newcastle also offers extensive local business support services.
With new start-ups able to take advantage of free ‘coaching’ sessions at Sage Gates head before opening their doors. And it’s not just tech businesses that are thriving; there are strong prospects for all types of entrepreneurs looking to base themselves in Newcastle Upon Tyne.
While it’s home to numerous universities, Liverpool is one of the most vibrant and young cities in England. It has a lot of residential properties and is easily accessible via major highways, which will be great for commuting.
In addition, Liverpool features ample employment opportunities thanks to its well-known corporations such as Rolls Royce and BBC Radio Merseyside. Despite being a well-established city, it’s relatively affordable compared to other metropolitan areas in England.
If you want to start investing in real estate but are concerned about high prices, then Liverpool might be your best bet.
Like Manchester, Leeds has a long industrial past and a prosperous present. Its economy is growing rapidly and it’s expected that Leeds will become an even bigger hub for tech businesses over the next five years.
The city also has a strong higher education sector, so there’s plenty of potential for growth here. What’s more, West Yorkshire has good links with both Greater London and Manchester; that means workers can commute easily from one of these nearby cities.
There are plans to build another railway station in Leeds too, which could be great news for commuters looking to rent or buy property in the area. Overall, investment opportunities are likely to be plentiful in Leeds over the coming years.
Looking for a safe investment that will give you a high return on your capital? Then buying property is definitely something you should be looking into.
In recent years, experts have been saying that one of Britain’s most lucrative markets is London. If you can get a piece of London real estate, then it could be well worth it – with prices expected to rise by as much as 20% next year alone.
This makes investing in real estate in London an extremely attractive prospect, so consider getting involved while you still can!