Experience Invest Shares UK's Best Property Hotspots 2019
Welcome to the Experience Invest property blog. In today's blog post we delve into the UK property market according to Halifax’s House Price Index. Read on to find out more.
The UK property market was slow in 2018. With the effect of Brexit having a negative effect on the market, many will shy away from investing altogether in UK assets amid fear that investments will continue to fall in value.
Data from Halifax’s House Price Index house prices across the country increased by an average of 1.3% in 2018. Amidst political deadlock in Westminster and the prospect of a no-deal Brexit on the horizon, such growth is impressive. Delving into the performances of individual regions, however, there were some clear highlights. Liverpool, Manchester, Birmingham and Nottingham, for instance, all experienced house price growth at around 6%. House prices are an effective measure of capital growth and are determined by market demand. For this reason, we asked investors which UK region they are considering as part of their property investment strategies for 2019. The results reaffirmed what has been unfolding across all the major house price trackers; namely, while London still holds great appeal, more and more investors are looking outside of the capital for bricks and mortar assets.
- Greater London 37%
- North West 30%
- Midlands 23%
- South East 22%
- Yorkshire 21%
- North East 18%
- South West 17%
- Scotland 8%
- Wales 5%
- East Anglia 4%
- Northern Ireland 2%
Seek value in the market. Identify an investment that is receiving growth and is also in a high-demand area (think the North). Consider also diversifying your property investments, putting all of your metaphorical eggs into one basket is ill-advised. Consider investing in a variety of property types, if this is within your means to do so, as this will spread the risk of losing money on a single investment. The property market, as stated, will be difficult to forecast for the coming year. Focus on your long-term strategy, and with the advice above, we are confident you will make a return.
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