An often lucrative type of investment, property investment involves purchasing a property with the intention of improving it to gain a profitable return either by selling it at a higher price or letting it out to tenants. While many see property investment as buying a single home, property investment can include virtually any type of property and can happen on any scale. With an ever increasing demand for various types of property from residential to office and industrial space, the investment property market is showing no signs of slowing down – so why should you become a part of it?
When you invest in property, you are your own boss. This gives you complete control over the type of property you invest in, any potential property development and ongoing maintenance, who you rent to and when you sell the property. Although the property market can fluctuate with changes in prices and demands, you have the freedom of controlling your money and investors who are willing to wait will earn a good profit when these factors increase again.
If you invest in buy to let property, your tenants will pay for your investment through rental income. As well as covering your mortgage repayments, letting your property will also provide you with extra income after costs and the benefits of future capital growth if you decide to sell the property at a later stage.
In addition, property investment is a relatively stable way of generating cash flow for the future. As a long term investment, patience is the key to success as a property investor and over a period of time you will start to develop an attractive return on investment.
The Best Areas to Invest in the UK
Regardless of whether you’re a first time investor or you have a number of investment properties under your belt, finding the perfect area to invest is crucial. With huge surges in property development, strong inward investment and rapid population growth, cities including Manchester, Birmingham and Edinburgh are all hubs are all firm choices for first time investors.
The Northern Powerhouse is a hotspot for investors both from the UK and abroad, with high-yielding opportunities being created by the rising population in areas such as Hull, Leeds and Newcastle.
How to Get Started
Prior to investing, you should consider the pros and cons, which type of property investment suites you and your goals, and the amount of money you are willing to tie up. When it comes to finding the ideal property, we are here to help. Our online search portal allows you see properties in your chosen area with information such as the local amenities, potential yield, size and property type. We list the latest opportunities from across the UK, with many located in the investment property hotspots we’ve covered. When you’re ready to make your first purchase, you’ll find all the information you need on your chosen property on our website.