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Investment Property Hotspots in 2019

Did you know that property prices have recently started to fall in some parts of the country? This is seen as massive news for a property industry that probably thought price growth was almost guaranteed. It isn’t.

So if you’ve seen this latest price fall, you’re probably thinking that property isn’t a good place to put your money anymore, right? Wrong. You have to be more careful. There’s still money to be made – and we’re going to look at why in this article.

Firstly, some experts argue that these price falls are just due to a winter downturn. Many expect things to pick up again soon enough. There’s another important factor when looking at property investment – yields are still good.

While the overall value of investments might have taken a small hit, there aren’t many investments that have maintained the high-yields that property brings.  And if you decide to get your investment properties managed it can be considered a passive income stream.

So if you still want to get into property investment, it could still be worth it.

You just have to be a bit more careful when you choose your location. Let’s have a look at some property hotspots for 2019:

Birmingham

The UK’s second city is seeing more investment and dramatic property price growth over the last few years. With a population that looks set to grow even further, now could be a good time to invest in the city.

Prices have seen a growth of almost 30% in the last five years, and many industry experts think this could continue. One major factor could be the construction of HS2, which will cut travel times to London by around half an hour.

This might not seem like much of a difference, but it will make it viable for many more people to commute every day to the capital from this Midlands city.

Birmingham has a young population with a number of important university campuses. This could make investment properties even more attractive as a means to serve the burgeoning student population of the city.

Manchester

Manchester is around half the size of Birmingham, but it has seen similar growth in property prices of around 30% in the last five years. The city recently made it onto a list of the top ten places to invest in the world, and for good reason.

Recent redevelopment and investment, along with a high graduate population could see more jobs and even more property growth in the future.

Coventry

Another Midlands city that could see further growth because of HS2, Coventry has already been a property success story over the last few years. Actually, house prices have gone up an average of 250% since the turn of the century.

Yields are also high for those looking to invest in the West-Midlands city. It’s seen as one of the best buy-to-let markets in the country, with an average yield of around 5.4%. Still far better than leaving your money in the bank in today’s economic climate.

Conclusion

If you want to invest in property – there is still some money to be made. You just have to be a bit more careful. While things could change again over the next few years, you can’t simply throw your money into a house and expect it to be a success like you could in the past. You have to do your research.

One surprising change to the property market is that London has seen a slight easing of growth, and it might not be the best place for your investment anymore. You’ve got to look further afield, and hopefully, this guide has helped.

We’d like to know, are you considering taking advantage of the housing drop and buying?