Why Investing in a UK Property Might Be a Good Idea Right Now?

The property market in UK presents a lot of lucrative investment opportunities to the seasoned investors right now. So, if you’re planning on a long-term investment with significant gains, investing in properties in the UK would be a great choice. The country is currently going through a period where there is a major increase in people opting to live in rented homes. That higher demand of rental properties has also made the rental prices to go high up as well. On the other hand, the prices of properties in various areas across UK are still quite affordable and you also have the option to throw your cash at one of the off-plan properties or student accommodations to make sure that you reap greater returns than what you might have expected in the first place.

Why Investing In The Property Market Now?

Well, there are so many different reasons as to why you should start investing in real estate properties and the prospects of generating a steady stream of income comes on top of the list. Getting monthly rent turns out to be the top motivation behind property investments in UK and when you have guaranteed rent rates for specific time period, it’s easy to budget the income you’ll be able to make as well. With low interest rates in the UK property market, increasing number of people are planning to invest their savings in the UK property market. The major cities like Manchester and Liverpool offer great rental yields going as high up as 10%. Furthermore, there has been a significant growth in these cities in the North. Because of regeneration, and people choosing to move from London as well as stronger regional economies, investing in properties in these cities listed above would be a great choice for sure.

In addition, investment in UK properties also turns out to be a wonderful way of making the most of your savings as the house prices have appreciated over time and have shown a significant rise lately. According to the stats from November 2018, the property prices in UK have seen 3.3% increase on average. In Manchester, however, the prices have seen a 6.6% rise and the growth goes up to 6.3% and 5.3% in Birmingham and Liverpool respectively in last year or so. With these major cities experiencing a significant hike in prices, just within a year, it’s a great example of how your property in UK can earn you more than your savings account in such a small amount of time.

Before You Invest

Remember that before you invest in the property market in UK, it’s really important to research the market first and ensure that you’re going for a viable investment. Make sure that you evaluate all your funding sources and decide how much of your funds can be spared for the investment, or paying a deposit in case you want to go for buy-to-let mortgage. Make sure that you consider all the additional costs as well which might be involved in the process. Some of these costs can include solicitor fees, stamp duty, maintenance fees, surveys, and ground rent. When you have done all the budgeting, you’d have the right figure in mind as to what’s affordable for you and will surely be able to make the right investments.

So, with the property market going high up in the UK and more renters looking for properties in key locations like Limehouse, Docklands, Canary and more across the country, it’s high time that you plan on investing in a UK property and hire professional real estate agents in docklands to get benefits. The higher rents, growing property prices and the competitive rates all combine to present a lucrative investment opportunity to the seasoned investors.