North West England enjoys triumphant start to 2019, leading the country’s house price growth
The latest available house price data, as at 31 December 2018, shows that the North West of England will be enjoying a triumphant start to 2019, leading the country in terms of house price growth.
The most recent figures, from the October 2018 UK House Price Index, show that the North West has enjoyed the highest price rise in the country for both monthly and annual growth, at 1.2% and 4.9% respectively. That compares to a UK average price rise of 2.7% for the same period.
“There are some outstanding property investment opportunities available in the North West at present, with both capital growth potential and strong yields attracting keen interest. This exciting area of England has so much going for it – not least its dynamic business environment and superb cultural attractions – that homes there are highly prized, both as places to live and as investments for the future.”
Property investment companies deliver some of England’s best property opportunities
Property investment companies looking to deliver some of England’s best opportunities in 2019 will certainly have the North West firmly on their collective radar. Cities such as Manchester and Liverpool are driving the trend for property investment in this area of the UK. Developments such as Ancoats Gardens in Manchester epitomise the stylish, centrally located homes that are so sought after by today’s urban tenants. Modern renters want to be at the heart of the action, with easy access to all that their city has to offer. Developments that can meet this need while also providing luxurious, inspirational homes look set to enjoy a very positive 2019.
Over in Liverpool, The Tannery is another excellent example of the kind of development that represents a win for both residents and investors. Residents get to enjoy superior homes in one of the city’s most sought-after locations, while investors benefit from a low entry point (from just £85,000) and yields of 6% NET.
“The North West has an incredibly strong offering in terms of its urban areas. Both Manchester and Liverpool have made names for themselves on the international stage, attracting visitors and investors from around the world as a result of their extensive charms. Both cities have ambitious plans for 2019 while also experiencing a shortfall in terms of their housing stock – it’s the perfect recipe for 2019 property investment opportunities.”
The Surrenden Invest team is particularly well placed to identify such investment opportunities, given the company’s history of regional property market expertise. Surrenden identified both Manchester and Liverpool as property investment hotspots for 2019, as a result of their strong market fundamentals. With government house price data backing that up at the close of 2018, it looks like the coming year is going to be an exciting one for cities in the North West.
To stay in touch with the latest news on investing in Manchester, Liverpool and other key UK cities, simply connect with the Surrenden Invest team on social media.