Where should I invest?
That is often the first question to occupy the would-be investor once they have established their willingness to enter the world of buy to let and taken stock of how much cash they have to spend.
Luckily, we are here to help; we have rounded up the best buy to let hotspots for 2018 considering entry prices, the prospects for capital appreciation, and potential rental yields:
Manchester
Manchester is not really a secret in the world of buy to let anymore. Investors from all over the world are well aware of the city’s astounding growth over the last five years or so. Billions of pounds of investment have poured in, opening up the sort of economic opportunities which are bound to turn heads. This is a high profile city which draws renters in from the rest of the UK.
Furthermore, this boom shows no signs of petering out anytime soon. JLL have long been promoting the city, with research showing significant predicted house price and rental growth over the coming decade. The latest figures from Q1 2018 show an estimated 22.8% growth by 2022. Combine that with a population expected to swell to more than 625,000 by 2025 and it is clear to see why buy to let investors are flocking to Manchester.
Click here to see our available investment opportunities in Manchester
Sheffield
Sheffield is the UK’s next big property market. House prices in the city have increased more than 31% in the last five years according to Zoopla, and they are likely to continue to grow as demand for housing in the city increases.
The Sheffield region is a hotbed of investment and job creation, with investment from 150 companies creating almost 4,000 jobs in the city over 2017/18. This process is constantly ongoing and is attracting further eye catching investment from around the world, such as the £1bn investment in the city centre from a Chinese construction and development group. Add that to development like the new £480m Retail Quarter and it is clear to see that Sheffield has a bright future ahead of it.
With promising job opportunities and a lifestyle which is both exciting and affordable, many young professionals are moving to the city. In addition, the University of Sheffield estimates that approximately a quarter of all annual graduates choose to remain in the city following university. This is putting a lot of pressure on the housing market and high quality apartments are already in short supply.
Click here to see our available investment opportunities in Sheffield
Liverpool
Liverpool is another North West city alongside Manchester which has been in the buy to let headlines for a long time now. In fact, it shares many characteristics with its regional neighbour; billions of pounds of investment, a rapidly growing population, a shortage of high quality accommodation, and impressive predicted growth well into the future.
With house price growth of more than 26% in the last five years recorded by Zoopla, current investors in the city have already made a lot of money – but that doesn’t mean the good times are over. The redevelopment of the city’s waterfront under the enormous Liverpool Waters scheme is just the latest stage in an ongoing £50bn regeneration of the city. Business is booming in Liverpool, and an increasing number of people are moving to Merseyside to take advantage of the job opportunities and lifestyle on offer there. Now is the time to invest!
Click here to see our available investment opportunities in Liverpool!
