The 10 Best Places to Buy Property in the UK
You have probably heard a lot already about Brexit. Apparently, British people are getting frustrated with constantly hearing about Brexit as well. The uncertainty around Brexit has naturally caused a lot of problems in the UK property market. However, real estate in the UK remains strong and healthy. In fact, around one-quarter of investors say that they’re throwing money in the property market in the UK because of Brexit.
Have you been wondering about the best place to buy property in the UK? Check out our guide for the best places to invest in property inside the UK. Let’s get started!
1. Manchester
The North-West city of Manchester has a proud industrial history as the center for cotton.
While many people regard Manchester as the UK’s second city (after the capital of London), it’s actually smaller than Birmingham in terms of population. Nevertheless, the young and vibrant population has never seen itself as playing second fiddle to anyone.
Manchester is a media hub with sporting achievements, there are many reasons to invest in this city.
Manchester is an affordable city with great transport links and a thriving business sector. There are plenty of opportunities for property investments as property prices continue to grow year after year.
2. Birmingham
Manchester may have the cultural clout of a second city. And yet, the Midlands city of Birmingham is the second biggest city in the UK and England.
Arguably the most popular place in the UK to invest in the property market in 2020, Birmingham’s economy continues to roll onwards.
Birmingham has quickly become one of the best cities in Europe for investors, people and businesses. Property prices have even grown by almost 20 percent since 2014.
3. Cardiff
If you want to invest in the capital city that is closest to London in the world, then you should be looking at putting your money into Cardiff, Wales.
Cardiff is an exciting city in South Wales with numerous growth industries, including manufacturing and life sciences.
The city is growing at a faster rate than any other in the UK. This suggests that the city could be one of the most profitable places to invest over the next decades.
You can find out more about property investment opportunities in Cardiff here:
4. Leeds
The West Yorkshire city of Leeds has the most important financial sector in the UK outside of London, among other industries.
The city is the second-fastest-growing population after Manchester. This actually means that Leeds is growing several times faster than in London.
With a growing population, the city is struggling to provide enough housing for everyone to live in. This makes it an attractive proposition for anyone searching for somewhere to invest in properties to rent.
5. London
London is one of the most important cities in Europe and the world for business, technology, and finance. The economic growth of the city in recent decades has been astronomical as the rest of the UK has struggled to keep up.
Brexit poses a threat to the future prosperity of the capital as people are forecasting an ‘economic slowdown’. And yet, London has overcome challenges before, it will certainly take more than Brexit to halt this megacity.
Image Credit: Sean MacEntee via Flickr CC 2.0 – London6. Oxford
Oxford is regularly forgotten by property investors. But, there are important reasons to consider investing your money in this beautiful college city.
The city has the third-highest growth in property prices in the UK. As home to one of the best universities in the world and a bunch of other employment opportunities, Oxford is a safe bet for your investment.
With strong transport connections to London, Heathrow Airport and other regions, such as Cambridge, Oxford continues to attract foreign investors.
7. Sheffield
The South-Yorkshire city of Sheffield has seen the same growth rates as other parts of the UK. And yet, there are reasons to expect economic developments over the next decade.
There have been huge investments in regenerating the city over recent years which are only starting to pay-off now. It may be a while before you enjoy a stronger yield on your investment.
But, you can be confident that Sheffield has a great future for property investors looking to get into the buy-to-let property market.
8. Liverpool
There have been significant developments in the port city of Liverpool, including the open-air shopping center Liverpool One. While its neighboring city of Manchester has taken all of the headlines, Liverpool has quietly been making progress.
There are plenty of exciting career opportunities and educational options for young people in this city. The growing population has also resulted in an increasing demand for rental properties.
9. Leicester
Leicester is another city that has benefitted from professionals looking for opportunities to live more affordably outside of the capital.
The regeneration efforts in the city, such as Leicester Waterside, suggest that Leicester will continue to grow in the years to come.
Anyone searching for somewhere to invest in the Buy-to-Let sector should seriously consider whether this often neglected city is right for them.
10. Nottingham
Nottingham is another city enjoying its close connection with London.
Unfortunately, Nottingham has struggled to compete with Birmingham and Leicester in taking advantage of growth opportunities.
And yet, the well-developed city center and affordable property market show that Nottingham could become one to watch in the future.
Where is the Best Place to Buy Property in UK?
Have you been wondering where are the best places to invest in property in the UK? Then, you have your answers now.
There are many exciting opportunities in the UK. While London may remain the best place to buy property in the UK, there are many others fast behind the capital.
Do you want to discover more real estate investment advice? Check out our blog for much more information!