Bright prospects for price growth in the north-west
Welcome to the Experience Invest blog. With research highlighting strong prospects for house price growth in the north-west, investors can take advantage of the trend at properties like The Roscoe in Liverpool. The north-west region is set to see house price growth of 24.1% by 2024 - an encouraging trend that investors can turn to their advantage.
The UK property market has witnessed its fair share of challenges in the 21st century, from the 2008 financial crisis to Brexit to, most recently, Covid-19. The market has consistently shown its resilience and revealed that people who are willing to make a long-term commitment to British real estate can expect to see excellent returns. Looking to the industry's prospects for recovery from the current health crisis, there are positive signals that house price growth will get well and truly back on track in the coming years, with the regions leading the way.
According to Savills, the north-west - home to the property hotspots of Manchester and Liverpool - will register residential property price growth of 24.1% in the next five years, more than making up for a 7.5% decline in 2020. According to the team at Experience Invest, this five-year forecast puts the north-west of England further ahead of other regions. These include Yorkshire and the Humber (21.1%), Scotland (20.1%) and the north-east (19.9%), and shows the north-west way out in front of even London (4%).
These predictions suggest investors seeking strong capital growth prospects in the coming years could find exactly what they're looking for in the north-west. According to the research from Experience Invest, a notable example of the sort of opportunities available in this part of the UK right now is The Roscoe in Liverpool. This is a collection of 82 city centre apartments appealing to young professionals and students.
Early investors in this property can secure 6% net rental income for two years, as well as a stake in a city that had six postcodes featured among the top 25 areas for buy-to-let returns in Totally Money's 2019-20 index. Find out more and read Experience Invest reviews on our website. You can also read the latest UK Property news on the Experience Invest Twitter page. Leave your comment below and follow our blog.
