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Securing a property in the UK can be a daunting task, but with the right resources it doesn’t have to be. This blog post will recommend some of the best locations to buy UK property, based on research conducted by our team of experts. Whether you’re looking for a city centre apartment or a family-friendly home in the suburbs, the UK has something in store.
- Cornwall.
If you are buying UK property to have a retirement home, then look nowhere else but the seaside town of Cornwall. Known for its beach fronts and scenic harbour views, Cornwall offers a relaxing respite; a direct contrast to the hurly-burly of London’s urban city life.
According to BBC, the Land Registry data shows that house prices in Cornwall, England have risen 13% over the past 12 months. The average detached property costs £389,039 which is more than double what it did last year at just under £500,000.
- Birmingham.
Birmingham is one of the most promising cities in the UK today. It’s a place that has seen incredible growth over recent years, with projects from The Big City Plan coming to fruition and preparations for Commonwealth Games 2022 getting underway just as negotiations on regeneration deals have taken place during the previous months.
Knight Frank’s research shows that Birmingham is a more affordable city than many others in the UK. The average income-to-average property price ratio here makes it an attractive destination for skilled workers who can afford living costs, which are expected to rise 12% over five years because of tenant demand from young professionals leaving London and population growth set at 1 million by 2030.
- Devon.
If you’re looking to buy a house in the southwest of England, Devon might be where your search leads. The county is home not only to some incredible scenery but also bustling cities such as Plymouth and Exeter with their own unique charm that will make for an unforgettable experience whether visiting them on vacation or working there temporarily.
A recent study from UK property portal Zoopla has shown how average prices have increased during this past year when compared against the last twelve months–they’ve grown 6%. This can largely be attributed to rises seen within detached homes which now average £411 02 – higher than almost any other type offered across all areas under the Dorset County Council area.
- Manchester.
With some of the best capital appreciation returns on this list over the last five years – including a huge rise between 2017 and 2018 – Manchester has led by example for price growth in the North West of UK. Future expansion looks set to continue that trend, with property prices expected to increase 28% according Savills revised forecasts due primarily to the rapidly growing economy and population.
Manchester is a great place to live and work because it’s affordable, with the cost of living being 10% less than London. With opportunities in global businesses having their headquarters in the city, Manchester can be your next destination for employment growth.
- Nottingham.
There are a number of reasons why people might want to move out from London, and one that has been gaining momentum in recent years is Nottingham. The city offers an affordable cost-of-living with high yields on investment properties at 9%. It also boasts great educational opportunities right next door which makes it easier for professionals who work outside doors during day time hours without having to walk too far home after dark.
In 2019 there were some slowdowns compared to other cities but average yield still reached 4 92%, making this area among Britain’s strongest long term growth spots according to market research conducted by JLL and Savill’s.
References:
https://sevencapital.com/uk-property-investment/where-to-invest/
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