Historically, London has always been seen as the go-to place for investors and if you’ve got plenty of money to spend it still is. However, as prices continue to become out of reach for many investors, it is the housing demand in the UK’s regional cities that is attracting attention.
The key to success in property investing is identifying the right property in the right location where prices are still affordable, there is a strong tenant demand and the potential for rental yields is good. The current demand and supply issue in the UK housing market is well documented and increasingly, from an investment point of view, it is Britain’s cities where some of the best rental returns can be realized.
According to new figures from emoov, the leading online estate agent, demand for homes across UK cities have risen by 3% in the second quarter of 2016 compared to the same time last year. Conversely, in London there has been a 2% fall in demand. In fact, if you take London out of the equation completely, there has been an 8% rise.
The reality is that the changes to stamp duty tax brackets have made a significant impact on the London market and, as a consequence, there has been a shift to property investments in the regions, where the stamp duty impact has been less dramatic.
Emoov have highlighted areas such as Liverpool, Manchester, Leeds, Bristol, Bedford, Newcastle and Durham which have attracted significant interest from investors over recent months. The fact that you can get more for your money in these areas coupled with a strong tenant demand and the ability to achieve good rental returns is attracting investors in their droves.
To find out more about property investment opportunities across UK’s regional cities, please contact us now on 0333 3001 888.