Buy-to-let hotspots for 2018
The past few years have seen big cities like London and Birmingham remain hot spots for property investors.
While the major metropolises will no doubt continue to attract high levels of investment, it is the smaller regional areas and cities property experts are urging investors to consider going into in the new year.
Low prices and good prospects thanks to large regenerations projects underway or planned will see more and more property purchasers head to the country, it is expected.
Possible hotspots include…
This northern town and urban area in historic West Yorkshire is traditionally industrial. Still, it is home to some beautiful period buildings, gothic churches, Victorian mansions and rolling, hilly countryside. With regeneration projects underway and housing demand on the rise, while prices remain in the lower spectrum for now, Halifax could be a top pick for smart investors in 2018.
Located west of buzzing Leeds, this West Yorkshire city is another one to watch. The historic town and built-up area of Bradford is nearby open countryside and the borough is also made up of towns Shipley, Bingley, Keighley, and Ilkley. All are popular with families. The University of Bradford student population includes 8,395 undergraduates and 2,815 postgraduates. Students and families alike should keep demand for rental properties strong.
Wakefield and Doncaster
Similarly, if these Yorkshire centres show the same classic market drivers such as an uptick in population and jobs, the small regional cities of Wakefield and Doncaster should be on the intelligent investor’s radar.
Demand for rental properties in walking distance of the city centre is expected to remain outstanding in 2018. The influx of aparthotel schemes, which generate around 15pc additional rent per week, have pushed up rental values in Manchester. Landlords may well see more profit than they’ve ever before.
As a major university city, the rental market is continually booming in Liverpool. Experts expect the northern cìty to become one of the top three cities for capital growth in 2018. Regeneration projects are the talk of the town. It’s never been a better time to invest in the home of The Beatles!
Content correct at time of publication.