{"id":7077,"date":"2022-02-24T12:08:13","date_gmt":"2022-02-24T12:08:13","guid":{"rendered":"https:\/\/novellusfinance.com\/?p=7077"},"modified":"2023-06-16T15:16:12","modified_gmt":"2023-06-16T14:16:12","slug":"best-places-to-buy-investment-property-uk","status":"publish","type":"post","link":"https:\/\/novellusfinance.com\/uk\/best-places-to-buy-investment-property-uk\/","title":{"rendered":"Top 7 Best Places to Buy Investment Property in the UK"},"content":{"rendered":"
The slow economic recovery that started in 2021 has created some new opportunities for buy-to-let investors. The increase in rental demand along with rising rental prices are two of the driving factors behind <\/span>landlords\u00a0looking to buy more property.<\/span><\/p>\n If you\u2019re looking to expand your portfolio, this guide will walk you through the top 7 best places to buy investment property in the UK in 2022. As <\/span>data<\/span> from the National Residential Landlords Association (NRLA) shows – 57% of private landlords reported that demand for private rentals increased in the third quarter of 2021. What better time than the present to buy investment property <\/a><\/span>in the UK?<\/p>\n So, what locations should you be looking into?<\/span><\/p>\n <\/p>\n <\/p>\n In 2020 and 2021, a large number of people left the capital in favour of the countryside. The global pandemic saw many lose their jobs but as things started to stabilise, we saw a shift towards work-from-home (WFH). Now, a significant number of people are coming back.<\/span><\/p>\n Data from estate agent Hamptons showed that rents in Inner London returned to growth for the first time since the start of the pandemic in November. They have risen 3.9% compared with the same month of 2021. If this trend remains, rents in Inner London are on track to reach pre-pandemic levels by the middle of 2022.\u00a0<\/span><\/p>\n According to data from estate agent Knight Frank Prime Central London is already seeing an increase in\u00a0rents of 5.3% compared with 5.1% for rents in Outer London. A lot of people who moved west from London are now looking for a one or two-bedroom flat.\u00a0<\/span><\/p>\n <\/p>\n <\/p>\n Manchester is easily a safe bet for landlords who want to invest in buy-to-let property in the North. It is also one of the top locations for real estate development in the recent past. A steady population and employment increase of 84% between 2002 and 2015 as well as an economic boom have made the city a top destination for young professionals.<\/span><\/p>\n With Millennial investors fuelling the property market, experts are predicting a property price growth of 28% by 2025. Given that the Global Liveability Survey results list Manchester as the best place to live in the UK, there is significant appeal in investing in the city. The incoming North Rail project and the ease of COVID-19 restriction will also likely contribute to an influx of tourists. This will only add to the city\u2019s appeal and value in the upcoming months and years.<\/span><\/p>\n <\/p>\n <\/p>\n Birmingham remains a top choice for buy-to-let investment and 2022 is no exception. Known as the UK\u2019s second city, this Midlands powerhouse bears all the markings of a top investment location \u2013 it has high tenant demand, good transport links, a vibrant nightlife and local food and art scene.<\/span><\/p>\nInner London<\/h2>\n
Manchester<\/h2>\n
Birmingham<\/h2>\n