Why You Should Invest in UK Property

The UK property market is full of opportunities for savvy investors looking for a long-term investment strategy. The UK is experiencing a significant rise in the number of people living in rented property, and rental rates across the country are on the rise too. Property prices in certain areas of the UK are incredibly affordable, and options like off-plan property investment and student accommodation investment mean there are more choices for potential property investors than ever before.

If you want to invest in UK property, it is essential you do your research and make sure property investment is a viable financial option for you. You will need to look at all your different sources of funds and work out how much you can afford to invest, or to pay a deposit if you’re taking out a buy to let mortgage. You also need to look at any extra costs that will be involved with your property investment. These can include stamp duty, solicitor fees, ground rent, maintenance fees and surveys. By budgeting for everything, you will know how much you can afford, which will give a better idea of what property investment is right for you.

If it is your first time investing in property, you may want to consider investing with a leading property investment firm like RW Invest, who have over 14 years’ experience and a wide range of affordable investment opportunities. Receiving monthly rent is one of the best parts of investing in property, and with guaranteed rental rates for a set amount of time, you can budget how much income you will receive too. As interest rates remain low, many people are looking for a way to make the most of their savings, and property investment is one of the most popular ways to do this. With rental yields of up to 10%, especially in cities like Liverpool and Manchester, buy to let property is a great long-term investment strategy. These northern cities have been demonstrating significant growth, due to regeneration, people moving away from London and strong regional economies, and all of these factors mean that investing in property here can be a great investment.

Property investment is also a great way of using your savings due to the impressive rise in house price values over time. In the UK as of November 2018, house prices have risen by an average of 3.3% in the UK Cities House Price Index. However, in Manchester, prices have risen by 6.6%, Birmingham has seen price rises of 6.3%, and Liverpool has seen rises of 5.3% over the last 12 months. Looking for cities that have experienced significant price rises, just over a year, shows how even over a short period of time, property can earn more than a savings account would. Property prices in city locations have risen significantly, doubling or even quadrupling in some areas.

The rental market is on the rise with more renters who are living in rental property for longer, providing more opportunities for UK property investors. With record rental rates, significant house price growth and competitive rates, it is definitely worth considering investing in UK property.