Business
UK’s best places to invest in property in 2019
Despite the uncertainties Brexit brings to the U.K., the country’s real estate is one industry that would still flourish. Here’s where you should invest in.
Even though Brexit, in whatever form it ultimately takes, will bring the U.K. into uncharted waters, Britain is well-placed to navigate them, since many of its attractions to the international community do not remotely depend on EU membership. In particular, the U.K. has a highly talented workforce with flexible labor laws and an accommodating attitude to disruptive industries. This makes it a great place to invest regardless of whether you are resident in the U.K. Here is a quick rundown of the best places to invest in the U.K. in 2019.
Birmingham, Liverpool and Manchester
We’ve grouped these three together as they’re probably the best-known investment destinations in the North East—and with good reason. While they’ve long since cast off their “hidden gem” status, they are still plenty of room for further regeneration and economic growth, so investors can stop worrying about “having missed the boat,” although it does have to be said that the quicker investors get on board, the more return on investment they are likely to see.
Newcastle
Once synonymous with heavy industry, especially shipbuilding, Newcastle has been undergoing an exciting renaissance thanks to a combination of the Northern Powerhouse initiative and extensive investment in digital infrastructure, which has literally equipped it to take advantage of global opportunities. As a result, Newcastle has quietly and successfully been reinventing itself as a 21st-century skills hub and has attracted numerous well-known global names from various industries including finance, pharmaceuticals and technology. Notwithstanding its rapid development, property prices remain at very affordable levels, making Newcastle a great opportunity for investors.
Leicester
While it may be some time before Leicester has a serious chance of winning the Premier League again, there’s no doubt that Leicester is securely at the top of the U.K.’s economic growth table. One reason for this is its geographical location, Leicester is literally in the middle of the U.K. and has easy access to a regional airport, meaning that you can reach just about any key destination in Europe in a maximum of four hours and you can also reach many global destinations without having to go via London Heathrow. Another reason is that Leicester has also been quick to take advantage of the opportunities presented by the digital age and has been working hard to modernize and diversify its economy.
Slough
While high prices and a sluggish market may put many investors off the London housing market, at least for the time being. Slough could be very much worth a look thanks to a combination of the arrival of Crossrail and the forthcoming Heathrow expansion, both of which are likely to elevate Slough’s appeal to people looking for affordable accommodation within convenient traveling distance of London and beyond (and this is already high). Slough is also likely to appeal to people looking to hedge their bets on their future employment situation since the area already has a very strong economy in its own right with the result that many people who live there actually work in the area.
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DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation for writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
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