Experts agree that investors need to monitor which UK regions are more likely to see substantial capital growth.
Resources like the Savills Residential Market Forecast can give you a good idea regarding a region’s capital growth potential. For instance, the North West, North East, the Midlands, and Yorkshire and The Humber are expected to see substantial capital growth by 2028.
Numerous factors can help contribute to capital growth, such as a healthy economy and good regeneration prospects.
If you are looking for an area to invest in with a good economy, look at Liverpool. According to a Data City study, Liverpool has the fastest-growing economy in the UK, even outpacing London, thanks to advancements in the logistics, software development, and business support services sectors.
The city has numerous regeneration success stories, including the Baltic Triangle and Knowledge Quarter.
The Baltic Triangle was once a disused hinterland on the border of the city centre. It has now been transformed into one of the coolest neighbourhoods in the world (per Time Out), attracting young professionals who want to enjoy the Baltic Triangle’s proximity to Liverpool’s central commercial hub and enjoy the thriving nightlife that has sprung up among the former warehouses in the area.
With plans to regenerate the Northern Quarter, Liverpool may go from strength to strength over the next decade. And, when it does, property prices may rise to match the growing demand for city centre accommodation.
We also provide insights into local buy-to-let markets, which may further help investors develop their investment strategies:
Useful Ways to Ensure You Earn High Profits in UK Property