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Regional property markets race to catch the capital 2> By | News | No Comments

Regional property markets race to catch the capital

By Surrenden Invest | July 9, 2018
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The latest Hometrack UK Cities House Price Index projects a narrowing of the property price gap between London and the UK’s other cities over the next year or two. For investors, the choice is clear – regional cities are the place to be if they wish to profit from property. But are we at risk of completing the same cycle as we saw just over a decade ago, or has the market learned from its previous mistakes?

While many factors mirror the housing market’s performance back in the early 2000s, there are some substantial differences that look set to bring about different outcomes from this state in the cycle. Tax changes are playing a key role in this, as are the rising quality and security standards of regional city developments.”

Jonathan Stephens, Managing Director, Surrenden Invest
At present, house price inflation stands at 4.3% for the UK as a whole over the past year. For London, the figure drops to just 0.4% over the same period. Edinburgh has seen the highest increase in values, at 7.1% over the year to April 2018, closely followed by Manchester, at 7.0%. Birmingham also fared far better than average, at 6.5%, as did Liverpool, at 5.9%.
The regional success stories stand in stark contrast to the price falls seen in 20 of London’s 33 local authorities. Developments such as Westminster Works in Birmingham are thus offering investors far more potential for capital growth, as well as healthy yields. Ideally positioned to benefit from the HS2 Curzon Street station scheme, as well as the redevelopment taking place as part of the Smithfield masterplan, the premium apartments are raising the bar for rental accommodation in Birmingham. The luxurious apartments come with a range of top facilities, including a concierge service, secure on-site parking and smart home, eco-friendly technology in every home.
The same trend of the regions racing to catch up with London’s prices occurred between 2002 and 2005, when London saw weak growth after a period of strong performance from 1996 to 2000. Regional markets had lagged behind, but began reporting strong performance from 2001 onwards, thus narrowing the price gap.
However, leading property investment agency Surrenden Invest is quick to point out that the current market has a number of significant differences to that of the early to mid 2000s. While the cycle appears similar, secondary cities may actually stand a more realistic chance of catching up to London’s prices than they did previously.

People have been saying that London is too expensive since before Black Monday in 1987, yet over the last 30 years property prices there have grown enormously. Still, there comes a point when a market becomes too expensive to bounce back quickly, even when there are chronic underlying supply issues, as is the case with London. The city remains one of the world’s most significant and sophisticated property markets, but that doesn’t mean that it can’t suffer a sharp, swift price correction – or that it could quickly recover from such an occurrence.”

Jonathan Stephens, Managing Director, Surrenden Invest
In previous property market cycles, the regions have narrowed the price gap between their cities and London, only for London’s prices to race ahead once more. This time, though, the quality, security and corporate governance of nationwide developers are far stronger than they were even ten years ago. Previously a concern for risk-averse buyers, these strong credentials – and the attractive yields on offer – mean that regional cities stand a good chance of catching up to London’s prices outside of the standard cycles that we’ve seen over the past 20 years.
Another contributing factor is the new Stamp Duty regime. Many of London’s properties are located in prime and super prime locations, costing upwards of £1 million. The sale of those properties has been significantly hampered by the higher tax rates, as well as the additional 3% charge on second homes. With regional properties available for significantly less money, the tax burden is reduced sufficiently to make regional property purchases more attractive than London ones in the eyes of many investors.

Are we likely to see the regions catch up relative to London in terms of their property prices? Probably not, as London remains a uniquely appealing market. However, what we are likely to see is a sustained and significant narrowing of the price gap, as regional cities hold fast in the wake of London’s price correction.”

Jonathan Stephens, Managing Director, Surrenden Invest

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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Apartment prices rising faster than any other property type, new data reveals 2> By | News | No Comments

Apartment prices rising faster than any other property type, new data reveals

By Surrenden Invest | July 2, 2018
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Newly released data from Halifax has shown that the average UK apartment has increased in value by £1,251 per month over the past five years, rising by £75,074 over the period.

Although apartments make up just 15% of all home sales, their relevance to urban labour markets is increasingly important. This is borne out by the Halifax data, which shows an increase of 48% in apartment values between 2013 and 2018, compared with an increase of just 42% for terraced houses and 27% for detached homes.

“The sustained level of demand for apartments in regional city centres has shown solid credentials, even in the wake of the Brexit referendum. With dynamic local economies and solid labour markets, regional cities are an enticing prospect for those looking to make capital gains, whether as owner-occupiers or investors. In fact, the majority of investors we work with now come to us with a regional city firmly in mind – London has lost its shine as a residential investment prospect as the UK’s other cities are producing better returns.”

Jonathan Stephens, Managing Director, Surrenden Invest
Liverpool is one city that has benefited from this new breed of regionally focused property investors. Developments such as The Tannery, which offers bright, contemporary residences with beautifully presented interiors, are drawing in both domestic and international investors. Hadrian’s Tower, in Newcastle, is another such example. Its blend of exceptional apartments and innovative social spaces is precisely what investors are looking for.
Halifax’s latest House Price Index shows a monthly rise in home values of 1.5% during May, following a brief wobble in April. The lender flags up the labour market’s performance, along with low interest rates, as two of the reasons behind this.

The continuing strength of the labour market is supporting house prices. In the three months to March the number of full-time employees increased by 202,000, the biggest rise in three years. We are also seeing pay growth edging up and consumer price inflation falling, and as a result the squeeze on real earnings has started to ease. With interest rates still very low we see mortgage affordability at very manageable levels providing a further underpinning to prices.”

Russell Galley, Managing Director, Halifax
With the UK population expected to pass 70 million by mid-2029, and urbanisation increasing steadily (from 80.2% in 2006 to 82.84% in 2016, according to Statista), demand for city centre apartments looks likely to remain strong over the years ahead. And with apartment prices increasing at a faster rate than any other kind of accommodation, they are sure to remain the property of choice for investors looking to make the most of their money.

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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Newcastle’s first skyscraper marks defining moment in the city’s history 2> By | News | No Comments

Newcastle’s first skyscraper marks defining moment in the city’s history

By Surrenden Invest | May 17, 2018
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Newcastle is soon to have its first skyscraper – the iconic Hadrian’s Tower, which will bring world-class, capital quality residences to the city. The building marks a defining moment for Newcastle’s development, just as the erection of Beetham Tower did for Manchester some 12 years ago.

Completed in 2006, at a cost of £150 million, Beetham Tower was a landmark building for Manchester. The tallest building in the UK outside of London and the highest residential building in Europe (at the time), it was seen by many as bringing Manchester into the big league in terms of its global city credentials.
From a property market perspective, Beetham Tower was also big news. Even today, the building’s iconic status means that it commands exceptional prices. Second hand sales there are reaching up to £750 per square foot. By way of comparison, new build units in Manchester are just starting to achieve £500 per square foot, meaning that Beetham Tower is achieving 150% above the best of the rest that Manchester has to offer.
Just as investors saw the potential of Beetham Tower in igniting interest in Manchester, Hadrian’s Tower in Newcastle is causing ripples of excitement within property circles. Showcased by its developers, The High Street Group, in Cannes at the MIPIM property show in March, the building has catapulted Newcastle to the attention of investors from around the globe. It will become Newcastle’s tallest building by a considerable margin, standing 82 metres tall and housing 26 storeys.
Surrenden Invest Newcastle Skyscraper
The Romans built the first bridge across the River Tyne at Newcastle nearly 2,000 years ago. Now, Hadrian’s Tower continues that spirit of proud ambition, taking the city to the next level just as that very first bridge did.
Expectations are certainly high for Hadrian’s Tower. At present, the priciest new builds can be found in the Gosforth area of the city, where they command up to around £450 per square foot. We anticipate that Hadrian’s Tower will emulate the impact of Beetham Tower in Manchester just over a decade ago, pushing price boundaries in Newcastle closer to £500 per square foot.
Newcastle already has so much to offer in terms of its credentials as a world-class city. The city is awash with culture and history, while its retail, dining and nightlife offering draws in crowds from across the North East and beyond. The skyline is already home to some stunning buildings and Hadrian’s Tower will elevate it to the next level. It’s a really special moment in Newcastle’s evolution.

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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Surrenden Invest takes pole position as primary sponsor of British racing driver Nick Yelloly 2> By | News | No Comments

Surrenden Invest takes pole position as primary sponsor of British racing driver Nick Yelloly

By Surrenden Invest | May 14, 2018
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Combining his passion for motorsports with his respect for those who follow their dreams, Jonathan Stephens of leading property investment agency Surrenden Invest last year announced that his company was sponsoring promising racing driver Nick Yelloly.

Now, Jonathan has announced that Surrenden Invest will be the main sponsor backing Nick’s championship hopes for the 2018 season as well. Nick is racing in the Porsche Mobil 1 Supercup, which started the new season in style in Barcelona over the weekend of 11-13 May. Having worked his way up from racing karts at the tender age of 15, Nick raced in the Porsche Carrera Cup Germany last season, racking up three wins and eight podium positions across the cup’s 14 races. Now, he’s taking to Europe for the 2018 Porsche Mobil 1 Supercup, racing across the continent before heading over to Mexico for the season’s grand finale.

“It was a real privilege to sponsor such a talented driver and to see Nick flourish in Germany last year, so I’m delighted that he has accepted Surrenden Invest as his main sponsor as he tours Europe and South America this summer. Nurturing young talent in this way is a key part of keeping the racing industry alive. Having followed my own entrepreneurial vision from a young age, it’s fantastic to be able to support others in doing so.”

Jonathan Stephens, Managing Director, Surrenden Invest
With the Porsche Mobil 1 Supercup underway, Nick’s hopes are high. The determined young driver is raring to go, with his sights set on fighting for the championship win in 2018. Boasting more crowds and greater hype than the Porsche Carrera Cup Germany, the Porsche Mobil 1 Supercup delivers an outstanding atmosphere. It also delivers greater exposure to sponsors, which to Nick is an important factor.

Racing as we know and love it would simply not be possible without sponsorship; the industry as a whole owes so much to its sponsors. For me personally, Surrenden Invest’s sponsorship is allowing me to live my dream and be the best driver that I can be – I wouldn’t be able to race in a top team without this kind of funding. However, there’s also the personal element of the support – Jonathan was out in Barcelona this weekend, and plans to be in Monaco for the second race of the season.”

Nick Yelloly
The Monaco circuit is a firm favourite with many racing drivers and Nick is no exception. Silverstone also makes for a very special race, in part because of its legendary status and in part because, living just 40 minutes away, Nick always has plenty of hometown support behind him when he races there. Surrenden Invest’s Jonathan Stephens intends to be among those cheering Nick on.

“The race day atmosphere is always an electric one, and having a vested interest in seeing Nick drive makes it even more exciting. Surrenden Invest is proud to be a young, aspiring company sponsoring a young, aspiring driver – there’s a real synergy there, and we wish Nick every success for the coming season.”

Jonathan Stephens, Managing Director, Surrenden Invest

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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Surrenden Invest partners with David Phillips to offer residents and property investors a superior living experience 2> By | News | No Comments

Surrenden Invest partners with David Phillips to offer residents and property investors a superior living experience

By Surrenden Invest | May 14, 2018
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As the UK’s residential property market matures, leading developers and agents are forming new partnerships in order to drive up standards for both residents and investors.

“Investors used to be happy to purchase unfurnished apartments, but we’re seeing a maturation of investor interest. Properties that make being an investor/landlord easier have the edge over those that don’t. At the same time, those properties need to offer something exciting and fresh to tenants to make them stand out. These considerations are driving developers to innovate not just in the design and facilities of their buildings, but also in terms of the additional extras.”

Jonathan Stephens, Managing Director, Surrenden Invest
Furnishings are the perfect example. There was a time, not so long ago, when investing in a property meant buying an apartment, then arranging how to furnish it in order to appeal to tenants while not spending any more than was necessary. Now, increasingly, developers are connecting with professional furniture companies in order to offer investors (and tenants) a more complete package.
The Tannery in Liverpool is one such example. Apartments within the new luxury development are available with David Phillips furniture packages. The bespoke furniture packs have been created to suit the particular style, location and aspirational image of The Tannery, setting a tone that perfectly suits the property and those who will live there.

“As the UK’s largest and most design-led furniture provider, David Phillips are absolutely delighted to be working in partnership with Surrenden Invest. We have put together an exclusive furniture collection completely bespoke to The Tannery development. We are tasked with not only providing your furniture but augmenting your environment and lifestyle through award-winning services, honed through nearly two decades of experience.”

Alistair Dickson, Head of Residential Sales (North), David Phillips
It’s a winning situation for all concerned. The property is less hassle for investors who can purchase turnkey, ready-to-rent properties meanwhile residents can enjoy living in a professionally styled home from the moment they move in.
As the rental market comes of age, the nature of furniture packs is also changing. Standards are being raised, with packages including far more than just the essentials. Framed prints, mirrors, luxury linens and kitchen packs are all becoming increasingly common.
Contemporary residents are often sold on the idea of the show home at new build developments and an increasing number of them expect to enjoy a similar standard of furnishing in their own apartment.

“The days of landlords furnishing their rental apartments with odd bits of furniture that they no longer have a use for in their main residence are long gone. Investors and tenants are both seeking a complete package now – and that includes premium furniture and soft furnishings. That’s why partnerships with companies such as David Phillips have become essential for those developers who are looking to remain at the forefront of the market.”

Jonathan Stephens, Managing Director, Surrenden Invest

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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Waterside living standards reach new heights in Manchester, while rents rise across the North West 2> By | News | No Comments

Waterside living standards reach new heights in Manchester, while rents rise across the North West

By Surrenden Invest | May 9, 2018
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Office for National Statistics (ONS) figures have revealed that annual rental prices in the North West of England increased by 1.3% in the year to September 2017. However, rents aren’t the only thing going up in the North West – accommodation standards have rocketed in recent years, as highlighted by the freshly completed Wilburn Basin development.

The development offers an unrivalled standard of accommodation. It has elevated waterside living in Manchester to the next level. The quality of the interiors is second to none and we’re delighted to see such a contemporary and stylish property added to the rental offering in this exciting city market.
We recently spoke with Richard Lynch of Renaker Build Limited, the developers of Wilburn Basin. He has shared why it was important to provide such standout accommodation for Manchester’s rental market.

Wilburn Basin is clearly finished to a very high specification. Why did you feel that such internal quality was important for this development?

We take a pride in the quality of finish in each apartment within all of our schemes. Wilburn Basin was no exception. We do tend to see improvements in a chronological fashion with each development and it was important to us to ensure Wilburn Basin was a step up from recently completed developments we have in the city.

What is the overall vision for the interior of Wilburn Basin?

We wanted to create a space where residents would want to spend time. There are too many developments out there where the entrance is no more than a lift lobby and in many cases the space is simply uninviting. We try to create a space which gives residents a sense of arrival and which sets us apart from other developers.

A great deal of attention has been paid to the communal areas. Why did you feel this was important to focus on?

Wilburn Basin benefits from a fairly extensive footprint, spanning three acres of river frontage. The communal areas have been carefully planned to create a feeling of open space and usable green areas to assist in creating a community.

Why did you choose certain brands within the apartments?

Specifying high-end brands such as V& B and Porcelanosa means we can deliver a better specified and finished product at a better price than our competitors.

Are there any other noteworthy brands featured in the development?

Certainly! We’ve included Bosch appliances, Hansgrohe brassware and provision for BT, Sky, Virgin and Hyperoptic. Whilst many other features and fittings within the apartments and communal areas aren’t necessarily from recognised brands, all have been chosen for their quality and aesthetics.

Did you appoint an interior designer to style and dress the development?

Vivo Interiors (local to Manchester) dressed both the show apartment and communal areas. Planting within the blocks was undertaken by Urban Planters. Meanwhile the lighting scheme – a feature of the main reception area and the entrance lobby to Block A – was designed by Troup Bywaters & Anders.

Do you feel that the standards expected today, in terms of interior design and finish, is higher today?

The level expected from owners has certainly risen. Features such as cinema rooms, fitness centres and business centres are now expected by both investors and tenants.

How much value do you feel the interiors of Wilburn Basin add to the development?

The interior finish of Wilburn Basin, both in terms of the apartment interiors and the communal areas, certainly falls into the luxury category. This adds significant value to the scheme.

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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Middlewood Plaza Manchester

What a week for marvellous Manchester 2> By | News | No Comments

What a week for marvellous Manchester

By Surrenden Invest | March 23, 2018
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It’s been a spectacularly good week for the city of Manchester, in North West England. Firstly, The Sunday Times flagged Manchester up as being one of the best places to live in the UK. Zeroing in on the city’s Chorlton area, The Sunday Times cited its villagey feel, funky atmosphere, greenspace and excellent schools as offering the complete package.

Meanwhile, Colliers International has ranked Manchester tenth in its European Cities of Influence report. In terms of mid-sized cities with a population of two to five million people, Manchester was ranked fourth in Europe. Manchester’s strong talent pool (fed by its top tier universities), workforce catchment area, employer costs, employee quality of life and economic output all contributed to the ranking.
Nor is that all. Your Move’s latest house price data shows a rise in house prices in the North West of England, despite falls in many other areas of the country. While house prices in London fell by 2.6% in the year to January 2018, they rose by 4.3% in Manchester.
This outstandingly positive picture sets the scene for the launch of a superb new development – Middlewood Plaza. The exciting new development is just ten minutes’ walk from Manchester city centre, providing residents with access to the amenities of both Manchester and Salford. Featuring impressive, split-height blocks of six and nine storeys, the development is home to 125 beautifully designed homes, complemented by an extensive roof terrace with views over the city.
Designed to meet the diverse housing needs of Manchester’s urban professionals, Middlewood Plaza offers a mix of apartments, townhouses and duplexes. Secure underground parking and cycle bays are available for residents’ use. In addition, the properties feature smart technology, including whole-house ventilation and sprinkler system protection. The homes are also all fully wheelchair accessible.
Middlewood Plaza is set in the heart of Manchester’s Middlewood Locks regeneration zone. The £1 billion regeneration project encompasses a gym, hotel, bars, restaurants, nursery and medical centre, as well as residential accommodation.
For investors, Middlewood Plaza presents an opportunity to be part of one of Manchester’s most exciting regeneration areas, packed with potential for capital growth. A leading city both in domestic terms and on the international stage, Manchester has incredible potential. Investors in Middlewood Plaza can be part of harnessing that potential.

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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Newcastle’s tallest building set to break onto the global stage 2> By | News | No Comments

Newcastle’s tallest building set to break onto the global stage

By Surrenden Invest | February 8, 2018
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With a youthful population, thriving economy and dynamic business scene, Newcastle is fast becoming one of the UK’s top locations for those seeking economic success. With a fast-moving housing market, it’s also a welcoming environment for those seeking financial success through buy-to-let investment. Now, the launch of a new development has ensured that those individuals have a more luxurious choice of investment than has previously been seen in the city.

Hadrian’s Tower will provide 162 apartments, spread across 26 storeys. The development is on track to become Newcastle’s tallest building and is already attracting investors from around the world. Indeed, such is its significance that it will be presented at this year’s MIPIM in Cannes (the most significant occasion for the property industry each year).
With a £40 million development and construction price tag, no expense has been spared when it comes to Hadrian’s Tower. The building is located in the heart of Newcastle, adjacent to Science Central and the university hospitals, as well as a range of leisure pursuits. Its stunningly contemporary homes and superb communal areas are sure to appeal to young professionals and their families, as well as post-graduate students (of which there is a steady supply thanks to the rising popularity of Newcastle’s universities).
In addition to sleek, elegant apartments, Hadrian’s Tower will provide a Sky Lounge and café for relaxing and socialising, touchdown meeting points for those looking to blend their home and working lives and superior support services, from a 24-hour concierge to cleaning and maintenance services.
In many ways, Hadrian’s Tower will showcase the best of modern development. Every single apartment will be wheelchair accessible. Meanwhile, whole-house ventilation and a sprinkler system protection are provided in every home.
Hadrian’s Tower marks a significant step in Newcastle’s development. Extensive regeneration works at St James’ Boulevard and Science Central Business School Zone have laid the foundations for the future of the city. Now, a new high rise city district is building on that success, including through the world-class apartments at Hadrian’s Tower. Built by Newcastle-based The High Street Group, Hadrian’s Tower will be a flagship Newcastle development for years to come.

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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Liverpool flagged as UK’s top buy to let hotspot 2> By | News | No Comments

Liverpool flagged as UK's top buy-to-let hotspot

By Surrenden Invest | January 31, 2018
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Liverpool flagged as UK’s top buy to let hotspot, as new development brings world-class living standards to the North West.

New data from Private Finance has revealed that Liverpool (along with Nottingham) is the best city in the UK for buy to let property yields. Already a favourite with property investors thanks to its rising prices and extensive regeneration work, the North Western city has now been flagged as enjoying average net rental yields of 6.2%
The Private Finance report highlights the importance of choosing investments carefully in order to overcome recent changes to the tax structure for buy to let landlords. As such, all eyes will be on Liverpool’s property market during 2018, as investors seek to maximise their returns in the UK’s most profitable city.
The potential for capital gains in Liverpool also looks promising for 2018, based on the city’s performance over the past year. House prices have risen by 5.51% according to Zoopla data, while over the last five years they have increased by 28.34%.
Driving part of this growth is the extensive regeneration work being undertaken, with developments like Ten Streets and the Jennifer Project creating popular new districts for those looking to rent and buy in Liverpool.
Thrown into the heart of this hotbed of economic opportunity is a stunning new development known as The Tannery. Taking its name – and the inspiration for its creative exterior – from the former Tannery on the site of which it is being built, the development will provide 106 studio apartments, 136 one-bedroom apartments and 139 two-bedroom apartments, all designed to offer world-class living facilities and raise the bar for Liverpool’s rental accommodation.
Set in the premium L3 postcode area, just to the north of the city centre, The Tannery will be home not only to bright, spacious apartments, but also a high-end gym, a communal courtyard and roof garden for socialising and entertaining and secure underground parking with lift access. Just a mile from Liverpool ONE, the apartments provide superb access to the city’s amenities, as well as offering modern homes as part of a thermally efficient development.
These iconic residences offer a quality of living that is synonymous with the world’s greatest capital cities, heralding a new era for Liverpool’s property market. The Tannery has been designed to allow investors to maximize their returns by investing in the most exciting new development in the UK’s most profitable city. Demand is expected to be spectacular.

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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Buy-to-let expert shares 5 predictions for UK property in 2018 2> By | News | No Comments

Buy-to-let expert shares 5 predictions for UK property in 2018

By Surrenden Invest | January 3, 2018
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With 2018 now upon us, anyone thinking about investing in bricks and mortar wants to know what’s going to happen over the next 12 months. Will prices continue to edge up, stabilise or dip down? Where is best to invest? Does buy-to-let still stack up? Jonathan Stephens, Founder and MD of expert property investment agency, Surrenden Invest, which has helped 700 clients invest in UK bricks and mortar over the past 2 years, shares his 5 predictions for the UK property market in 2018.

1. Manchester will remain robust

Manchester will remain robust with city centre fringe redevelopment schemes offering the best opportunities. Manchester is tipped for rapid growth over the years ahead. Its population is projected to expand by 20% by 2025, reaching 625,000 residents, according to city analysts. Such a rapid turnaround in population size is never easy for city planners to address and Manchester is estimated to be around 40,000 homes behind the number it needs, with demand continuing to put pressure on supply. Pressure on city centre land remains incredibly high thus it is to the outer fringes of the city that tenants are moving to, taking advantage of more affordable housing. With property prices significantly less than city centre sites, this is where buy-to-let investors need to be looking when it comes to Manchester.

2. Birmingham will continue to be one of the strongest buy-to-let markets in the country

Birmingham will continue to be one of the strongest buy-to-let markets in the country. Often overlooked, the UK’s second city (by population), Birmingham, has a great deal to tempt buy-to-let investors in 2018. Birmingham’s youthful population and the huge number of graduates that the city produces every year has created an excellent environment for entrepreneurship. One part of the city in particular, Digbeth, has become a hotspot for new businesses and cultural activities, attracting large number of young professional residents. We will see Digbeth, just 10 minutes from New Street Station booming with gentrification this year and so now is the time to buy before prices soar.

3. Liverpool will continue to offer low price points and strong growth potential

Liverpool will continue to offer low price points and strong growth potential. 10 years on from being announced as the European Capital of Culture, the city has gone from strength to strength. Liverpool has a thriving, service-based economy, which was worth £29.5 billion in 2015 and the city is leading the UK’s Northern Powerhouse region in terms of its overall GVA growth and its growth of GVA per capita. Economic output will continue to improve with the likes of Cunard Shipping bringing a large share of their operation back to where it all began in 2018. A growing population and plenty of blossoming talent, backed by strong economic credentials and a buoyant housing market make for an ideal environment for opportunity, boosting Liverpool up the list of cities to watch most closely in the UK over the coming year.

4. London will remain slow

London will remain slow with some prominent city centre locations seeing prices drop. Anyone who lives in London, or indeed reads the papers, will know that the capital slowed in 2017 and whilst the long-term outlook for one of the world’s top real estate markets remains optimistic, the impact of slowing prices will be felt especially if we see further interest rate increases. However undervalued pockets will continue to offer irresistible opportunities especially locations set to benefit from Crossrail due to open later this year.

5. Newcastle will be the dark horse of 2018

Newcastle will be the dark horse of 2018. Newcastle and its twin city, Gateshead, has been quietly waiting in the wings, growing in population and economically, over the last couple of years. 2018 will be the north-east city’s time to shine as a higher than average economic activity rate, rising property prices and significant local investment mean that Newcastle is becoming something of a favourite with businesses and investors alike. Surrenden Invest has taken up options on several sites and predict big things for buy-to-let investors in this hidden gem.

For further details email us at: info@surrendeninvest.com or call us on: 0203 3726 499

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