When looking for the best investments, various UK towns and cities offer different opportunities. Having been considered one of the best places to invest in property in the UK for 2018 and previous years before, the north-west is a definite property hotspot. Rental demand, high rental yields and excellent capital growth prospects amongst the many reasons to invest in this area. Usually, anything above around five or six per cent is considered a strong yield, and with some Manchester and Liverpool postcodes bringing in rental yields of over 9%, it’s easy to see why the region is considered home to the best rental yield cities and best places to buy rental property in the UK.
Over recent years, the UK’s north-west region has experienced a massive surge of interest from property investors in the UK as well as overseas. This is due to an increase in population as well as the numerous regeneration projects in both Manchester and Liverpool that are still ongoing, which are set to completely transform the cities of this region into the number one UK property hotspots 2019 has seen.
Manchester – capital of the north
The city known as the ‘capital of the north’ and the leader of the ‘Northern Powerhouse’ has established itself as one of the best places to invest in property in the UK for 2019. This is mainly due to the high average rental yields and the economic growth that Manchester has experienced, which has involved the creation of more start-ups and more job opportunities. This, in turn, has brought a large number of people to the city and resulted in a significant amount of demand for housing.
Strong rental yields in Liverpool
Liverpool, home to The Beatles and this year’s Champions League Football winners. The Liverpool area has gone through a notable amount of regeneration that has helped it become one of the UK’s buy-to-let property hotspots. This includes areas like the Baltic Triangle that have undergone a complete transformation process, going from a warehouse waste ground to one of the most popular areas in town and featuring an abundance of restaurants, bars, and activities along with property investment opportunities. Liverpool has been named as the leading property investment UK city with strong rental yields reaching up 9.79% in L7 and 9.33% in L1, crowning it as the city with some of the best rental yields in the UK for 2018.
What does the future hold?
Property prices are predicted to grow with 18.1 per cent over the next five years, along with a population that’s expected to grow even further. Hence, the future is looking bright for the north-west region. Liverpool and Manchester currently boast the best rental yields UK cities have seen, and this is set to continue. These cities are both home to some of the most up and coming areas in the UK, with plenty of huge regeneration in store. If you’re wondering where to invest in property in the UK for continued growth over the coming years, Manchester and Liverpool should definitely be on your radar.
