Top 10 Places in 2022 for Property Investment in the United Kingdom
Despite the cost of living crisis, energy crisis, rising inflation and the overseas conflict between Russia and Ukraine, property still remains one of the top investments for 2022. Indeed, many experts believe that it’s now or never. Interest rates are still low, demand for property is still high, particularly in the rental market, and the economy in the UK is still holding strong.
So, if you’re considering UK property investment in 2022, where are the best places to invest? Well, we’ll let you into a little secret; whilst there are cities in the top 10, the UK’s capital is not amongst them.
Top 10 UK property investment locations
We’ve put together our top 10 UK property investment locations that investors really should keep an eye on in 2022. So, in no particular order, here goes!
Birmingham – known as being the second city of the UK and having a history of being popular with buy-to-let investors, Birmingham continues to rise in the property investment stakes. Over the last five years, property prices have risen 17%, bolstered by the growing finance sector in Birmingham and an influx of young professionals. The average house price currently stands at £214,696, whilst the average rent yield is 6.56%.
Manchester – the northern powerhouse, continues to lead the way in employment opportunities and capital growth in the north of the UK. With MediaCityUK and the student population in Manchester, there is the continuing expansion of multinational companies choosing to base their headquarters in this popular city. Average house prices are £208,792, and average rental yields are 6.53%.
Derby – perhaps not a city you would expect to see in this list, but it deserves its place. At the heart of this city’s attraction for investors is the ‘2030 Derby Masterplan’, a major regeneration project that is literally transforming Derby into a very viable property investment opportunity. A growing student population adds to rental demand, and a surge in the younger generation moving to Derby has helped put this city on the investment map. The average house price is currently £180,966, and the average rental yield is 6.07%, so it is probably a good idea to invest now rather than wait to see what happens in a few years’ time.
Read Top 10 Places in 2022 for Property Investment in the United Kingdom
Comments
Post a Comment