North or South? The UK Cities Worth Investing In
Posted by The Landsite on 7th June 2023 -
The UK real estate market has seen a significant shift in the past couple of years due to Breixt, the pandemic and most recently, the war in Ukraine and the cost of living crisis. Despite this, the UK property market continues to be a solid investment opportunity, with strong long-term returns.
Over the past decade, UK house prices have increased by an average of 34%, according to Nationwide. Additionally, the rental market is thriving, with a high demand for both residential and commercial properties. Overall, the UK's stable economy and political environment make it an attractive destination for property investors. In this blog, we have highlighted 5 cities worth investing in.
London
Despite the pandemic, London remains a popular investment destination for real estate investors. London ranks as the No.1 city in the world not only for tourists but also the tech industry. Meta is building its largest global engineering base in King’s Cross and TikTok recently secured a 15-year lease in Farringdon. With a diverse range of properties from the luxury housing market to affordable housing, HMO’s and student accommodation, London is the city for buy-let investors. Check out the latest property listings throughout the capital here
Bristol
In 2021, Bristol was named the most sustainable city in the UK in a global survey carried out by clothes2order. Lack of supply and continued strong demand has been an on-going theme of the thriving Bristol office market for several years. A diverse range of industries including a growing technology and media hub coupled with a large student population seeking affordable rental accommodation has kept investors keen to invest capital into the city.
Manchester
Manchester's commercial property market is expected to continue its upward trend in 2023, with a projected rental growth rate of 3.0% for office spaces and 2.0% for retail spaces, according to Knight Frank. The city's strong economy, growing tech industry, and investments in infrastructure make it one of the country’s top locations for commercial real estate investment.
Liverpool
Liverpool's largest regeneration project is the £5 billion Liverpool Waters scheme, covering 60 hectares of land and 2.3 km of waterfront. It aims to create a world-class, mixed-use development including 10,000 homes, offices, hotels, shops, restaurants, cultural spaces, and leisure facilities. The project is expected to create 9,000 jobs and boost the city's economy by £3 billion.
Glasgow
Glasgow has the strongest property growth rate in Scotland due to its growing economy, increasing population, and high demand for affordable housing. According to Zoopla, house prices in Glasgow have risen by 9.2% over the past year, outpacing other Scottish cities such as Edinburgh and Aberdeen. Additionally, Glasgow's property market benefits from a strong rental market, with rental yields of up to 7% in some areas.
Discover property investment listings, data, guides and trends on The Landsite, the digital business services hub for the real estate sector.