Whether you’re looking for your next home or investing in buy-to-let property, the property market can seem like a total minefield.
No sooner has the media reported that your target location is an investors dream, do you read a report that completely discredits everything you’ve been told! We’re here to help you identify the best places to invest in property in the UK this year.
1. Richmond Upon Thames
Reports suggest that Richmond Upon Thames is set to have the highest price rises in the country over the next five years, with whopping growth of 39.1%.
With an average house price of £840,939 in 2017, you have to spend money to make money, but with these potential returns it could well be worth your while.
2. St Albans
Due to higher than average earnings, house prices in St Albans are set to increase by 38.8% over the next five years.
3. Three Rivers, Herts
This commuter town to the north-west of London is set to see property prices grow by 34.6% in the next five years.
4. Camden, London
Reports suggest house prices in Camden are set to increase by 33.9% by 2021.
5. Westminster, London
House prices in Westminster are forecast to increase by 31.9% by 2021.
With house prices set to grow 31.8% by 2021, Cotswold, which includes Cirencester in Gloucestershire, is expected to see the South West’s largest house price increase.
Due to rising employment rates and expanding population levels, house prices in Wandsworth are set to grow 31.1% by 2021.
8. Uttlesford, Essex
House prices are forecast to increase by 30% by 2021.
9. Mole Valley, Surrey
Reports suggest house prices are set to increase by 29.8% over the next five years, the largest in south-east England.
With house prices set to grow 29.5% over the next five years, Warwick has one of the highest average incomes in the West Midlands.
So, whether your budget stretches to the more expensive London suburbs or you’re sticking with cheaper properties in the West Midlands, we hope this guide helps you identify the location of your next property investment.
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