Looking for a city property investment? Here’s what our property mentors suggest
With property investors looking outside of the Capital for more lucrative investments, which other cities in the UK are worth a punt?
Manchester already has excellent transportation links, and with the coming of High-Speed Rail, these will get even better. What’s more, Manchester Council plans to spend more than 400 million pounds to regenerate Manchester’s railway stations over the next 20 years.
Stations that would benefit include Stockport, Altrincham, Wigan, Bolton, Oxford Road and Victoria.
We’ve mentioned Sunderland before in our Property Investment Hotspots in North England post, and it’s still one to watch.
The city regularly tops property investment lists as it boasts high yields with landlords achieving as much as 6.9%. Sunderland has a large student population, and properties can still be snapped up at bargain prices ensuring a good return on your investment.
Down south, Luton is a city we’ve mentioned before in Property Investment Hotspots in South England & Wales, and the reason for this is the money that has been invested in this region.
With its own airport, and Crossrail creating demand in cities near London, Luton’s got a lot going for it. And with 400 new rental homes being built and large employers such as Vauxhall and Amazon resident in the city, there’s plenty of potential for landlords.
According to LendInvest’s buy-to-let index, Bristol’s average rental yield is currently the strongest in the South West region. With a flourishing rental market, the city can also offer significant capital gains.
Bristol has a robust housing market and a healthy economy with rises in recent business investment and a growing tech industry. There’s increasing demand for housing in the city, especially after some major cash injections – notably, a £200m investment allocated for a MetroBus network to improve transport in and around the city and the unveiling of the University of Bristol’s new campus valued at £300m to be built near the city’s busiest train station, Temple Meads.
Still in the South West, the City of Exeter has a highly rated University that boasts over 20,000 students and 2,000 staff. The city is also home to the Royal Devon & Exeter Hospital with over 7,000 staff and has nearly 5,000 registered businesses.
With excellent rail and motorway links and an international airport with daily flights to London and beyond, Exeter is worth a look.
From England’s south coast to Scotland’s northeast coast, where the River Ness meets the Moray Firth. In contrast to surrounding Highland areas, Inverness has a young population, and the proportion of 18 to 29-year-olds has been growing.
The city is home to a number of high-tech companies, and the headquarters of Scottish Natural Heritage is a major local employer. As mentioned in Property Investment Hotspots in Scotland, Inverness has plenty of potential for property investors.
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