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Tuesday, November 22, 2022

Top 4 Areas to Invest in UK Property [2022]

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Property investment is likely one of the most reliable strategies for earning a steady stream of passive income.

But, with so many options out there, where is the best place to look?

Read on to find out about the best property hotspots in 2022 (and beyond!)

Liverpool

Investing in buy-to-let in Liverpool is almost definitely a good place to start – with some of the best market trends and rental yields making the Liverpool buy-to-let market one of the hottest items in the nation. 

Beating out some of the UK’s toughest competition, the maritime city is also leading the way in terms of regeneration. 

Millions worth of regeneration projects has been pumped into Liverpool to help turn previously rundown parts of the city into major hotspots.

The continued work in the Knowledge Quarter -a £2bn inner-city regeneration project – is particularly noteworthy for its continued contribution to the expansion of health and life sciences – one of Liverpool’s leading global strengths.

Factor in soaring rental yields – with some postcodes recording as high as 6.8% – and Liverpool should almost definitely be on the mind of any would-be property investor in 2022. 

Manchester

Notorious (for all the right reasons!) in the buy-to-let investment world, Manchester is consistently one of the best UK cities to get involved with property-wise. 

With prices in the entire North West region also predicted to increase by 28% by 2026, now more than ever is probably one of the best times to get involved.  

Like Liverpool, Manchester has also recently seen massive strides in regeneration, with a significant increase in property prices secured alongside it. 

Home to some of the best universities in the country and considered an international centre of industry, Manchester is a popular choice for many buy-to-let investors thanks to a large number of jobs available in the city as well as the quickly-rising property values. 

Boasting excellent rental yields as well as this, it could be said that it has almost everything a property investor should look for in 2022. 

Luton

As costs in the capital city continue to grow, most investors are looking elsewhere for the next opportunity. 

The property market in Luton has become a popular choice for many first-time buyers – especially those seeking a lower entry point.

With close proximity to London and a strong reputation for solid transport links, Luton is quickly becoming one of the most appealing investment alternatives. 

With an equally impressive regeneration plan to combat the town’s housing shortage thrown into the mix, it’s not hard to see why this reputation has come about. 

Property prices in Luton increased by 7% in 2021, with an average of around £290,200. With the average southern UK property valued at £345,075 and the UK average house price currently estimated at £250,341, most would agree that you’re not going to find prices as low as this, especially if you’re looking at property close to London.

These are just a few points that make Luton one of the best buy-to-let areas; the capital definitively has some fierce competition on its hands! 

Slough

With a flourishing economy, excellent price growth rates, and fantastic transport links, Slough property investment is another up-and-coming UK town that is unexpectedly proving to be a popular choice in 2022.

Another commuter town just outside London, Slough also enjoys a robust rental market: seeing rising demand from professionals wanting to dive into the Slough/London business scene – at a much more affordable price than the capital city.

Like the others on this list, their regeneration and economic schemes are also particularly notable.

From improving transport links to transforming its town centre, Slough is on its way to becoming unrecognisable (again, in a good way!) in the next decade.

Alongside these developments, the average property in Slough is expected to generate yields of around 4.23% in 2022 – with some predicted to be even higher depending on the property type. 

For example, one-bedroom flats will generate sizeable rental returns of 5.2%.

In due time, Slough could very well be another of the best buy-to-let areas in London’s proximity.

Conclusion

Like most things, investment works best when you have one eye pointed towards the future.

Whilst certain cities on this list may not initially appear to be the best that the UK has to offer, these are probably some of the most exciting buy-to-let investment spots to keep your eye on – especially when looking ahead to the coming years.

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