UK property investment can be a lucrative way to make the most out of your savings with more people now seeking advice on getting into property investment.
There are a number of things to consider when thinking about how to start investing in property in the UK, like where you are going to invest, what type of property investment you want to purchase and what are the tax implications of your investment.
In recent years the buy-to-let market has taken a few knocks, with changing tax policies and potential price rises. However, the benefits of UK property investment far outweigh these.
The demand for rental properties in the UK is higher than ever before with a growing need for high-quality rental accommodation ensuring a steady stream of tenants.
Due to a growing population in the UK, there is a massive housing shortage, offering great investment opportunities. Buying property in the UK offers investors the potential to enjoy good long-term capital growth as well as an excellent rental income.
London has always been a hotspot for foreign investors, however, other major cities further north of the capital are attracting many investors who are looking for lower property prices offering high net returns and capital appreciation.
Manchester and Birmingham, for example, can both boast having major international airports with fantastic motorway and rail transportation links.
On a commercial aspect, the trend continues with the BBC moving their headquarters from Central London to the City of Manchester.
UK property investment comes with a variety of options such as;
- Fractional ownership
- Student accommodation
- Residential accommodation
- Hotel rooms
- Holiday homes
Prices vary, as do the rental returns and assurances if any, so it is imperative you speak with a reputable agent that knows the developers, developments, locations and options available in order for you to make an informed decision on where to invest.
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