Here at Northwood, our 85+ offices around the U.K. have their finger on the pulse of the local property scene and know when a market is heating up.
The signs are often simple to see:
1. Increasing infrastructure such as improving communication links.
2. Big businesses moving to an area, providing more jobs and more potential tenants needing accommodation.
3. Increasing investment in the area, such as new shopping and retail parks to serve a growing community.
For this blog, we’ve researched 4 potential property hotspots for 2017 and invite landlords and investors to contact our local office to find out more!
For the past year, Birmingham has been cited as the “most investable city in the U.K. as it has been attracting Asian and American funds, due to London being so expensive. That shows no signs of changing any time soon. The West Midlands city, which is undergoing massive city centre regeneration will also house the new headquarters for HS2.
With the recent news that the Government is going to invest £35 million in the Midlands, Birmingham will continue to be a hot property ticket in 2017. The appointment of a “Metro Mayor” may also influence the property market in a positive manner.
With a huge shortage of property and rising prices in Oxford, Banbury could be a good option benefitting from the “ripple effect” and is already exhibiting signs of a hotspot, with Amazon moving in.
The rental scene in Manchester is BOOMING!
Finding a place to rent is becoming an increasing nightmare for those who want to live in the Manchester city centre.
During a look at the Manchester rental market, some estate agents claimed there are over 2,000 potential tenants to just 130 properties – a ratio of 15 prospective tenants for every home available to rent.
Manchester Evening News discovered:
- It is increasingly difficult for renters to find the perfect property, with up to ten enquiries for every city centre flat.
- Each apartment to rent is receiving 3 or 4 offers
- Some properties are let after just ONE hour
- Prices are rising by up to £75 a month in some city centre hot spots.
Property in Liverpool represents good value for money and yields are attractive. There is low unemployment in the city and it is making a name for itself in four main sectors: education, financial support services, health and office administration, with a number of big businesses moving there.
A surge in the number of small and medium sized enterprises (SMEs) in Liverpool will create 7,000 new jobs over the next five year and add an additional billion pounds each year to the local economy, according to a new report for npower Business by Capital Economics.
The research found that the number of SMEs in the city has already risen by 19% since 2010, creating 6,900 new jobs.
Northwood has a wide selection of investment properties in all of the above areas (and across the country) which can be found on the Northwood Investor section of our website.
Details of market rents and potential yields are included in the property descriptions and any properties that are on Northwood’s Guaranteed Rent service are identified.
All our offices are happy for any current or prospective landlords to drop in and discuss investment opportunities in the local area.
Northwood is one of the largest and most recognised estate agents in the U.K. and the leading supplier of Guaranteed Rent to give landlords complete peace of mind.
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