Let’s assume you bought a buy-to-let property in one of the up-and-coming-investment areas across the UK, back before the pandemic hit. Perhaps, your Manchester or Birmingham buy-to-let seems a bit less attractive now. But don’t give up on it. Although the worldwide economy is still creaky, there are slow and steady visible improvements. For example, travel bans are being lifted. Birmingham has proven itself over time to be a major lure for International students, featuring truly stellar overseas programs. Naturally, these hit a major pause during the pandemic. However, demographic studies show that many young professionals elect to make their home in Birmingham. It’s still a great place to own a buy-to-let. The area still houses a number of the country’s well-known Universities. So, there will always be students and new-graduates sussing out that new place to live. Investment company data is showing that homes in the Manchester area are also still very desirable. Late summer and early fall numbers in 2021, revealed that more than half of the housing sales featured a Manchester property. Overseas investors are looking hard at Manchester too, as the areas’ guaranteed return on investment continues to be high. If you’re lucky enough to own a buy-to-let in Snow Hill Wharf, definitely do not let go of that gold mine. Snow Hill Wharf is the slated home of the much-anticipated HS2 rail link, coming in 2026. Commuters could see a newly revamped commute between Birmingham and London cut down to less than an hour.
Key Takeaways:
- Many UK companies have reported a peak in interest in buy-to-let properties in the Manchester region.
- Data shows that during the late summer and early fall months of 2021, property investment sales in the UK featured Manchester properties about 70% of the time.
- Birmingham is looked at as a property investor’s dream, because it is home to five distinct universities, besides offering stellar overseas programs that regularly lure in International students.
“Today, Birmingham is home to 87,000 International Students from 150 Countries making developments like Snow Hill Wharf, located right at the heart of Birmingham’s bustling city centre, a property investment opportunity like no other.”
Read more: https://www.gladfish.com/ukpropertyinvestmentblog/
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