Like bettors that take NFL London Game odds and other data into consideration before placing their next bet, many factors are considered when it comes to discussing the best places to invest in properties across the UK. While some places may be obvious, understanding what makes an excellent buy-to-let investment before investing is essential to build a complete picture of a location’s performance while highlighting towns and cities that are still developing but aren’t traditional options for investment.
UK house prices have increased exponentially in the last seven years, creating a lot of interest for buyers looking to profit from the property industry. If you happen to be a buyer looking to get a slice of the pie, here are the top buy-to-let property investments worth considering in the UK.
Birmingham
Birmingham happens to be one of the best places to invest at the moment. With various developments and projects coming to fruition, demand for property in the area has increased. According to experts, it’s expected that Birmingham will be one the fastest growing areas to develop in the next five years. With affordable property essentially made up of one and two-bedroom apartments, property investors can expect rental yields to average above 6%.
Manchester
Manchester remains the northern powerhouse that it’s always been hyped to be, making it one of the most exciting locations to explore in property investment. It has led the way for price growth in the North thanks to some of the best returns in capital appreciation in the last five years. Plus, future growth is still expected to continue the trend due to the city’s economy and population, which is growing rapidly after making incredible strides.
If you’re looking for something that’s a clear alternative to London, then look no further than Manchester. In addition to its property investment opportunities, it also hosts several career opportunities for global businesses and employment growth, making it a top destination for many professionals starting out in various industries.
Nottingham
Nottingham is undoubtedly seen as the ‘sleeper hit’ when it comes to the UK property market. It’s made many strides in the last few years and is now a key investment area worth looking into. We start by highlighting the fact that it’s far more affordable than other big cities like Manchester and offers quality yields that go as far as 9%. We also note that its major strength lies in its future long-term yield growth and previous capital growth that’s set to be one of the strongest in the UK.
Driven by two of the UK’s largest universities that are located relatively close to Nottingham’s city center, there’s an evident demand for tenants who are willing to support these yields. This is in addition to the growing creative quarter that’s serving the increasing graduate pool. It’s also worth noting that Nottingham also has the Queen’s Medical Center, that’s known as a ‘super hospital’ in the area and is one of the biggest teaching hospitals in the UK. Currently, it accommodates more than 6,000 medical staff, and this value adds to the increasing demand for accommodation in the area.
Newcastle
Newcastle is the UK’s 8th largest city by population and is one of the most affordable locations on the list of places worth investing in. It drives some of the country’s best rental yields, despite facing challenges regarding capital growth in the last five years. That said, it has one of the best graduate retention rates and is recognized as one of the fastest-growing areas to develop for start-up businesses that are new to the area. This will likely increase demand for young professionals, increasing rental prices and yields.
Currently, it hosts a variety of corporate headquarters and also has strong education and digital sectors. This means that the region presents an established standard for career opportunities that will later aid in driving demand while supporting the city’s entrepreneurial side of things.
