The property market in the United Kingdom has seen a substantial increase in the last few years.
With the stark differences between the regions of the UK, choosing the best investment has become even more challenging than ever before.
For the longest time, higher overall returns were seen in investments in the South-East and London areas.
However, prices have become stagnant recently as more and more buyers are being priced out of the market, while investors are struggling to find good yields.
Today, more and more investors look for fantastic property opportunities in the north of England that now enjoys the highest yields in the UK,
with house prices expected to grow even bigger in the near future.
However, where exactly can you find such exciting investment opportunities in the North?
Birmingham
With a regional economy worth £90 billion and a metropolitan population of 4.5 million,
Birmingham has enjoyed significant benefits from the latest infrastructural investments.
HS2’s latest development will cut down travel times from London to only 50 minutes, signalling a higher demand for Birmingham properties.
The chronic limitation of rental accommodation is further increasing property prices.
Liverpool is changing from a port city into a fantastic cosmopolitan city.
The city is currently enjoying significant benefits thanks to the public investment and large-scale job creation that make it the fastest growing economy in the UK.
The £5 billion-worth scheme of Liverpool Waters is one of these regeneration projects.
It is a brownfield site of 60-hectares to be developed into five brand new neighbourhoods.
There are some great opportunities to invest here and earn a net yield of up to 8%.
Dubbed as the North’s unofficial capital, Manchester is now the fastest growing city in the United Kingdom outside of London.
The city currently has the highest yields in terms of rent per square foot – almost double that being offered in London.
Manchester homes have an average price of £152,000, making it relatively cheaper to purchase here than the average price of a home in London and the south east
which currently costs around £500,000.
In addition, Manchester also boasts a sizable rental market.
The latest regeneration projects in this city have also led to a significant increase in property demand and these include the digital Northern Quarter and the Salford Quays complex.
As one of the UK’s greenest cities, Sheffield is home to over 2 million trees and has more than 80 parks.
This makes it one of the most interesting places for investment in the North.
This is also where you can find two of the biggest universities in the UK.
However, most of these students don’t have access to the accommodation provided by these universities.
The current numbers are expected to increase further as the population of international students are expected to grow up to 15% to 20% in the coming five years or so.
It is easy to see that the North is poised for some significant growth in the near future, so don’t miss out on these exciting opportunities!
