What will be the UK’s buy-to-let hotspots in 2019?

28 January 2019 Written by Newsroom

From the key hubs of the Northern regions to London’s ever-reliable commuter belt, here are some of the best 2019 UK property hotspots.

Liverpool

The exciting and culturally rich city of Liverpool has always had a lot to offer, but in recent years it has distinguished itself as one of the UK’s most innovative and attractive places to live and work, particularly for students and young professionals.

A range of higher education institutions, such as the University of Liverpool and John Moores University, combined with a thriving business community and an attractive lifestyle, make the city a truly appealing option and one of the best places to invest in for buy-to-let investors.

Newcastle

Having experienced a population growth of 112% between 2002 and 2015, along with a 29% increase in jobs during the same period, this bustling city on the northern bank of the River Tyne is comparable to Liverpool in its distinctive identity and choice of higher education institutions, such as Newcastle University and Northumbria University, making it an attractive living destination.

With more and more people coming to study and work, as a result, there is strong request for accommodation in the area. This means investors can expect to benefit from strong demand and a low risk of void periods.

With strong prospects for ongoing employment and economic growth throughout the city during 2019 and beyond, there is no doubt that Newcastle has great potential as an up and coming area for property investors.

Luton

Prohibitively high housing and living costs mean residing in London is an unattractive or simply not affordable option for many. But with the capital continuing to offer some of the most attractive jobs, strong demand for living space within travelling distance of the city centre is guaranteed.

One of the most appealing spots within the commuter belt that encircles the capital is Luton.

The town, located in Bedfordshire, and based on a combination of capital value growth, transaction volumes, rental yield and rental price growth, has reclaimed itself as the best buy-to-let location in the area.

Experiencing an imbalance between high demand for housing and inadequate supply, Luton is set to become one of the best 2019 UK property hot spots and to draw a lot of interest from tenants and investors alike.

Cardiff

For those investors targeting the UK’s highly lucrative property market, Cardiff is another city that offers the promise of strong demand.

The Welsh capital is home to Cardiff University and Cardiff Metropolitan University, as well as a local campus of the University of South Wales. The city itself offers many attractions and lifestyle benefits for young people, including music venues, bars, shopping centres and a lively nightlife scene.

Being Cardiff such an attractive place to live and study, investors can expect strong demand for accommodation, and consequently consistent rental yields and low void periods.

The Welsh capital is unquestionably a buy-to-let destination worth keeping an eye on.

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