There’s no denying that some regions in the UK are advancing more rapidly than others, with greater prospects for development and investment. For homeowners, the idea of uprooting and moving to a different part of the country might seem daunting, but it’s worth considering if your current abode could become a weaker investment over time.
With certain areas representing prime hotspots for real estate over the next few decades, selling your current home and moving to a more thriving locale might make sense.
Time to Cash Out and Invest Elsewhere?
Selling a home can be a hard decision. After all, we’ve long been told that properties are solid investments, likely to appreciate in value over time. But what if your home is in an area where property values are only projected to increase marginally over the next decade? Can you sit by and watch others in different locations see their house valuations skyrocket in the same timeframe?
In this light, moving can seem like a more appealing option. Nowadays, it’s easier than ever to just bite the bullet and move to another spot of the country, too. Anyone who’s wondering, “How can I sell my house fast?” will soon find relevant services; it’s even possible to receive the funds within a week. Just by answering a few questions, you can receive a fast valuation on your property, making it a practical option for those who want to cash in and reinvest in a more promising location.
Leeds
For those looking for strong investment potential in the north, Leeds looks like a standout option. After all, it’s known as the Capital of the North and boasts the country’s second-largest financial sector. There are also strong projections for population growth in the region. There was 11.4 per cent growth between 2002 and 2020, and it’s expected to continue increasing at a similar rate.
Population growth leads to more demand for houses, which means opportunities for property investors in the city. Leeds is also undergoing exciting new developments, like the Leeds South Bank regeneration project, which aims to double the size of the city centre, adding even more appeal to the city.
Bristol
There are a few places in the south that are ripe for investment as well, with Bristol up there as one of the most sought after locations. According to reports, there’s high capital appreciation in Bristol of around 5 percent over the last five years.
Bristol is also famous for being one of the top university locations in the country, with around 30,000 students at the University of Bristol. Property investors who look to purchase here can target the academic population, as there will always been a market for these renters.
For anyone looking for growth areas to invest in the UK, these are two prime spots. Some other regions to consider include Liverpool, Manchester, and Edinburgh.
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