Why you should think about investing in UK property

Why you should think about investing in UK property 2019, for many, will be the year of trying new things and setting a number of goals to achieve by the end of the year. One goal which a lot of people favour is a change in career, starting a new business, or becoming more financially savvy. One way that this goal can be achieved is through investing, and property investment can be a lucrative, rewarding and enjoyable venture for first-time investors to try. If you’re considering taking up a new business venture, find out some of the reasons why investing in the UK property market could be your ideal route to take. Why the UK The UK property market is thriving, with a number of cities offering some fantastic prospects for investors. Some of the hotspots for property investment in the last year have been in the North, with Liverpool and Manchester gaining worldwide recognition. These Northern cities are popular with investors due to their high rental yields, affordable prices, excellent potential for capital growth, and growing demand. Liverpool, for instance, boasts average yields of 5.05% which are only expected to rise over the coming years. Properties in cities like Liverpool are a lot more affordable than down in London, with the average London house price standing at around £484,173 whilst Liverpool is just £130,677. RW Invest is a property investment specialist with fantastic opportunities up North, with properties in Liverpool as low as £55,995. The high prices of London property mean that more people are choosing to move up North to live, work, and invest. Manchester saw the highest number of L ondon-leavers in 2017, with around 30,000 25-34-year-olds having moved from the capital between 2016 to 2017. Young People The significance of young people is important when it comes to property investment. With today’s younger generations a lot more likely to rent rather than buy, the buy to let market in the UK is seeing a demand for high-quality properties in key cities. The purpose-built student accommodation market is also seeing a rise in the UK, since high numbers of students are embarking on one of many prestigious universities year after year. Student accommodation makes one of the best property investments, with low purchase prices and high yields thanks to students that are prepared to spend more money on high-end, luxury properties. Manchester has one of the highest rates of demand for student property, with over 90,000 students residing in the city, whilst high graduate retention rates of 70% also driving demand for residential city centre apartments. Growth Whilst property in the UK is looking promising right now, things are still set to improve further. A number of regeneration plans in the UK are expected to bring new interest and economic growth to UK cities, and in turn, improving capital appreciation. Manchester and Liverpool will see the creation of new city centre neighbourhoods such as St Johns and Liverpool Waters, bringing new homes, workplaces, and leisure attractions to the already booming cities. These cities that have seen a consistent property price growth since 2013, are predicted to grow further over the next five years, with the North West seeing the highest predicted house price growth of 21.6%. Prepare and Prosper! Of course, youll want to do your homework to be sure you make sound investments.   And there are many things to learn and know.   For example, once youve purchased a property and its vacant,   youll want to be sure its secure.   Check with a    security company like  Global Guardians.    On-going maintenance, advertising . . . yes, theres a lot to learn, but the rewards can be great!