As you plan your property investments in the second half of 2024, strategic choices can make a significant impact on your returns. Here's a concise breakdown of the best places to invest in BTL in the UK:
1. Manchester
With a history of capital appreciation, a thriving job market, and substantial regeneration projects, Manchester remains a top choice for investors.
Average Property Price: £248,000
Average Rental Yield: 7.2%
Price Growth Prediction 23-27: 19.3%
2. Newcastle
Affordable and with a rising population, Newcastle is an attractive option for investors. Gateshead and City Centre postcodes offer some of the best rental yields.
Average Property Price: £200,000
Average Rental Yield: 6.8%
Price Growth Prediction 2024-26: 13.5%
3. Leeds
As a financial hub with a growing population, Leeds offers strong rental returns. Areas like Burley and Woodhouse provide some of the best rental potential.
Average Property Price: £248,931
Average Rental Yield: 6.5%
Price Growth Prediction 2024-27: 14.2%
4. Liverpool
Known for affordability and ongoing regeneration, this city is poised for capital growth. Areas like Wavertree and Crosby showcase strong rental returns.
Average Property Price: £215,115
Average Rental Yield: 6%
Price Growth Prediction by 2026: 20%
5. Birmingham
With robust regeneration plans, a rising population, and significant tenant demand, Birmingham stands out as a stable investment. Key areas like Digbeth and Hockley offer attractive rental returns.
Average Property Price: £231,000
Average Rental Yield: 6%
Price Growth Prediction 2024-27: 19.2%
Best Places for Capital Growth
With substantial growth in the last few years and strong predictions for the next four, these cities offer promising opportunities for long-term investors.
As you navigate the diverse landscape of the UK Buy-To-Let market, carefully consider your investment goals and leverage the unique strengths each city presents.