UK property market is increasingly lucrative

THE UK features strongly in IP Globals’ report, which highlighted several attractive cities.

Construction of new highspeed railways, increased government spending in regions, and continued population growth are combining to drive demand.

The city’s population is growing, and a lack of housing means that by 2021 prime central London prices are expected to appreciate 15.2%, with Greater London house prices rising at 19.2%.

The city’s property prices are forecast to rise by 28.2% by 2021, but houses prices are more affordable than London’s.

The UK’s second largest city in terms of population is thriving, with a regenerated city centre and the largest concentration of businesses in the country outside London. Rental yields grew 24% in the CBD over the past 12 months and are expected to continue rising as transport links with the capital improve.

This area remains a solid investment choice for global investors due to massive infrastructure investment boosting connectivity, and a chronic housing deficit. The Elizabeth Line (Crossrail), due to open later this year, will carry 200 million passengers annually, and is also driving growth.

Once completed, property prices along some parts of the Crossrail route are predicted to rise by up to 20%.

This city has joined the list of A-league cities in which to invest, thanks in part to billions ploughed into the city in the past decade.

Over the past five years, house prices have increased 9% with rental growth predicated at 17.6% from 2017 to 2021. With 50 000 undergraduates across its three largest universities, and two thirds of homes in the city privately rented, there is growing demand for high quality rental properties.