As the property market in the UK continues to teeter on unstable grounds, many investors are making surprising decisions about where to buy property.
With house prices continuing to inflate across London and the wider south-east, many are now turning their attention to the north. With infrastructure improvements taking place and HS2 doing more to heighten the appeal of Northern cities, it’s no surprise that investors are flocking to these corners of the country.
While the north is growing in popularity and house prices in London fell last year, that doesn’t mean to say that there aren’t parts of the capital with potential for investors.
Read on to find out about some of the hotspots in Britain for investors and developers.
Manchester
It’s been hailed as the London of the north and is now the fastest growing city outside of London, surely meaning it’s about to strip Birmingham of its second city title. Areas such as Fallowfield, Salford, and Chorlton can all offer investors good ROIand the high levels of regeneration going on in the city are sure to mean that graduates and other millennials will be encouraged to flock here.
Wood Green, London
Situated in North London, Wood Green is an area that will soon undergo a development worth £3bn, creating 4,000 new jobs in the process. Other progressions in the area that are sure to make it a breeding ground for investors include the fact that is has been shortlisted for a Crossrail 2 station and is only a short 15 minute journey from King’s Cross on the tube. Boasting excellent transportation links and the promise of new jobs means developers would be crazy not to consider this area.
Birmingham
While it may no longer be the second city with Manchester hot on its tail, it’s certainly still the second largest city in the UK. Situated in the heart of England, Birmingham is home to a whopping four and a half million people.
Its brimming economy, currently worth around £90 billion, will also grow significantly following the implementation of the HS2, which will slash journey times to London to just 50 minutes.
Popular areas in Birmingham include Edgbaston and Halesowen, both of which are packed with highly sought after terrace housing.
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