Predicted Property Hotspots

focus2.jpg

These property hotspot areas have come from The Barclays UK Property Predictor. This provides a three-to-five-year forecast of property hotspots, revealing the areas across the UK where house prices and rental incomes are expected to see the biggest rises. The UK is still a prime location for property investors. 

The Property Predictor uses factors including rental trends, employment levels and commuter behaviour as well as current house prices to create an index of future property trends.

It could be a great way for you to choose the location of your next property investment.  After all, a hotspot could be right around the corner from you!

LONDON

The capital is one of the most desirable places to live, not just in the UK, but in the world. It is also one of the most expensive with the average property value of more than £500,000.

The largest upwards increase in average house prices is expected to occur in the following four Boroughs:

  1. Richmond upon Thames
  2. Camden
  3. Westminster
  4. Wandsworth

However, it is worth noting that many investors are looking outside of the capital for their next property investments.  In a recent interview about the UK’s property market, Kames Property Income fund manager, David Wise, explained his outlook on the sector.

“In general we are buying in locations that are fundamentally cheaper and can give us higher income returns, typically in big northern cities such as Manchester, Sheffield, Leeds and Newcastle,” Wise told The Telegraph.

NORTH WEST

Population increases, high employment rates and a healthy start-up scene are driving property prices in the North West; the region is expecting a 4.01% average price increase by 2021.

This is the ninth highest increase across 12 UK regions.

  1. Trafford in Greater Manchester
  2. Ribble Valley in Lancashire
  3. Warrington in Cheshire
  4. Stockport in Greater Manchester

In 2016, Experience Invest outlined its top northern property hotspots and named Manchester, Liverpool, Newcastle, Sheffield and Leeds as locations property investors should consider.

One year on, these hotspots have not changed according to the company’s property experts.

East of England

Rising employment opportunities is driving property price increases in the East of England; the region is expecting a 9.38% average price increase by 2021.

This is the second highest increase across 12 UK regions, behind London.

The largest upwards increase in average house prices is expected to occur in the following five districts:

  1. St Albans in Hertfordshire
  2. Three Rivers in Hertfordshire
  3. Uttlesford in Essex
  4. Hertsmere in Hertfordshire
  5. South Cambridgeshire in Cambridgeshire
SOUTH EAST

Its proximity to London and connections to several national motorways have led to the South East becoming an economic hub, with the largest economy in the country outside the capital. The region is known for its countryside which includes national parks and beaches.

The largest upwards increase in average house prices is expected to occur in the following five districts:

  1. Mole Valley in Surrey
  2. Waverley in Surrey
  3. Elmbridge in Surrey
  4. Windsor and Maidenhead in Berkshire
  5. Hart in Hampshire
EAST MIDLANDS

With its four urban centres of Derby, Leicester, Northampton and Nottingham and connectivity through the capital through road and rail routes, the East Midlands is a thriving economic hub.

The largest upwards increase in average house prices is expected to occur in the following four areas:

  1. South Northamptonshire
  2. Rushcliffe
  3. Harborough
  4. Derbyshire Dales
WEST MIDLANDS

The West Midlands is the second most populous county in England, home to the UK’s ‘second city’, Birmingham and other large cities including Coventry and Wolverhampton.

The largest upwards increase in average house prices is expected to occur in the following four districts:

  1. Warwick
  2. Stratford-on-Avon
  3. Wychavon
  4. Solihull
SCOTLAND

Scotland offers cultural and employment hubs across its major cities, alongside abundant wilderness and beautiful vistas across the country.

The largest upwards increase in average house prices is expected to occur in the following four areas:

  1. East Renfrewshire
  2. East Dunbartonshire
  3. City of Edinburgh
  4. Stirling
SOUTH WEST

The South West of England is home to some of the UK’s most desirable locations, from the Cornish coast to the Roman city of Bath. It also has the largest area of outstanding beauty in the UK, the Cotswolds.

The largest upwards increase in average house prices is expected to occur in the following four districts:

  1. Cotswold in Gloucestershire
  2. East Dorset in Dorset
  3. Christchurch in Dorset
  4. South Hams in Devon
NORTH EAST

The North East has one of the most affordable housing markets in the UK. For investors looking to the student rental market, it also has a number of leading universities, including Durham, Newcastle and Northumbria.

The largest upwards increase in average house prices is expected to occur in the following three districts:

  1. Stockton-on-Tees in County Durham
  2. Newcastle-upon-Tyne in Northumberland
  3. North Tyneside in Tyne and Wear
YORKSHIRE AND THE HUMBER

The largest county in England, Yorkshire and the Humber offers everything from seaside towns like Scarborough and Whitby and the industrial ports of Hull and Grimsby, to the cities of Leeds, Sheffield and York, as well as stunning landscapes in the moors and dales.

The largest upwards increase in average house prices is expected to occur in the following four districts:

  1. Harrogate in North Yorkshire
  2. Selby in North Yorkshire
  3. Craven in North Yorkshire
  4. Hambleton in North Yorkshire
NORTHERN IRELAND

Northern Ireland has the smallest population of the four regions of the United Kingdom, and offers stunning landscapes and coastal communities alongside the thriving city life on offer in Belfast.

The largest upwards increase in average house prices is expected to occur in the following areas:

  1. Lisburn & Castlereagh
  2. Belfast
  3. Ards & North Down
WALES

With over 1,680 miles of coastline, mountains and national parks Wales offers spectacular natural beauty, as well as a thriving centre of employment and culture in its capital city, Cardiff.

The largest upwards increase in average house prices is expected to occur in the following three areas:

  1. Monmouthshire in South East Wales
  2. The Vale of Glamorgan in South Wales
  3. Cardiff in South Glamorgan
Rate this blog entry:
Could you live off the grid?
Protecting yourself from property fraud

Related Posts

Comments

 
No comments made yet. Be the first to submit a comment