Almost every industry and every sector have taken a hit due to coronavirus. While most people are sitting tight waiting for the pandemic to get over, a few smart investors are making the most of the fall in property prices during the coronavirus pandemic. If you’ve been thinking about investing in property in the UK, then you’ll be able to find properties at affordable prices. Some might even call them a steal! To give you a slight nudge, here are the top 7 places to invest during this coronavirus pandemic! Get in touch with your real estate agent, be it, estate agents in Orpington or Leeds, and start the investing process as soon as you can.
Manchester has become a new property hot spot among buyers and investors. This city is trendy among students and young professionals. Manchester is one of the unique places to live and work in the UK. Many young professionals and students are always on the lookout for rental properties in Manchester, so if you’ve been thinking about investing in a rental property in this city, you’ll be sure to find a good deal. The younger generation has started buying homes and apartments in Manchester since this is a great city to live, work, start a family and settle down. With firm rentals, an increase in demand and a new and coming skyline, Manchester is going to be the city to watch soon.
Did you know, the population of Leeds is growing seven times faster than the people of London? With billions and billions of dollars in the development pipeline, real estate investors are keeping their eyes peeled on Leeds. In recent years, Leeds has seen a significant increase in the number of flexible office spaces that have been taken up. It is expected that the city centre will double in size in the coming years. The increase in the demand for flexible office spaces coupled with the billions in development will ensure that an investment in property in Leeds will be a fruitful investment.
Since Nottingham is centrally located, it allows quick and convenient access to key places. Nottingham is very popular among real estate investors and will continue to be so. The prices of property in Nottingham have increased by 20 per cent since 2014, which is proof that this city is continuing to grow and develop. As more and more investors flock to buy property in Nottingham, the prices will only skyrocket. If you’ve been thinking about investing in a property for personal use, then you should consider buying a property in Nottingham.
Slough is a large town that is located in Berkshire. Slough is known to have the highest number of global company headquarters in all of the UK, outside of London of course. With affordable pricing, excellent work opportunities and a high standard of living, young professionals are moving to Slough. Most young professionals in Slough are looking for rental properties; if you’ve been thinking about investing in a rental property, then you should start looking at properties in Slough. Due to its affordable housing, transport links, upcoming regeneration projects and property price growth, Slough is a significant investment for buyers and investors alike.
Cardiff is one of the fastest-growing cities in all of the UK. With increasing employment opportunities, recent improvements in the infrastructure, improved connectivity and affordable housing, Cardiff is becoming a popular hot spot among real estate investors. The average yield of rentals in Cardiff is around 4 to 6 per cent, and this number is steadily increasing. As the population increases and job growth continues to rise, it is expected that the demand for housing will continue to grow. In short, Cardiff is a great place to invest in property for personal use as well as for rentals.
In 2018, Birmingham attracted the maximum amount of foreign direct investments, outside of London of course. With an evident increase in foreign interest and foreign investments, Birmingham is the new property hot spot. As the demand for property continues to increase while the supply remains steady, it is just a matter of time before the prices of property in Birmingham skyrocket. Birmingham is one of the fastest-growing cities in all of the UK; as the city continues to grow and develop, the price of real estate will continue to rise.
Liverpool has one of the highest rental yields in the UK. With an increasing demand for rental properties, investing in a buy to let property in Liverpool will be a highly profitable investment. With new developments, increasing job opportunities, improved infrastructure and a rise in tenant demands, this city is a top pick among real estate investors. The average price of a property in Liverpool is on the lower side, with a high scope of growth, making this a great investment opportunity.