Investing in a time of decline
In recently revealed data by Halifax, house prices within London were one of only two areas within the United Kingdom to fall in March. Historically, London’s property market has been one of the strongest in the world, attracting millions of investors to take advantage and make great gains. Investors have realised the yields which were once generated in London are no longer achievable and this change has seen a shift in direction to more Northern cities such as Manchester, Liverpool and Birmingham, where investors can earn much higher returns of between 7 and 10 percent per annum.
Consequently, these cities have been booming with increasing populations and better performing economies which have meant demand for property has increased. In fact, as we reported recently, Birmingham is booming and has seen a population growth of over 2.36% within the last year and an economic growth of 1.4% in recent years. Whilst Manchester has seen similar growth in both populations and in their economy, with rises of 0.84% and 2.4% respectively. Both cities have seen an overall house price growth of 7.3% in Birmingham and 6.7% in Manchester according to Lee Boyce from This is Money.
To overcome the tougher conditions in the Property Industry, Ali Oftadeh advises “investors must look outside the capital to where property prices are significantly cheaper. This way, savvy investors can make the best profit, particularly when investing in off-plan developments in emerging and up-and-coming areas”.
So, if you’re an investor looking to take advantage of the growing economies of cities like Manchester and Birmingham, Edifice Invest can help! We are experts in off-plan developments with an extensive investment portfolio which covers in-demand locations that include Birmingham, Manchester, Liverpool, Bristol, and even Dubai.
Additionally, our portfolio offers returns of up to 15 per cent per annum and we work closely with all of our investors to provide a fully ‘hands off’ investment.
To discuss the latest opportunities with one of our advisors, fill out our contact form below and we will be in touch.