While the property market boom may be forecast to end during the first half of 2022, the last 12 months have seen the average house price increase by more than £24,000.
As a result, the average UK home now costs a staggering £276,091 through 2021, accounting for significant variances across the length and breadth of the nation.
But what are the best areas in which to invest in property in the UK? We’ve outlined some of these below, while asking why you should consider looking for properties in such areas and the surrounding regions.
#1. Edinburgh
We’ll start with Edinburgh, which despite being draped over an ancient volcano, has delivered relatively stable residential and commercial property growth over the course of the last few years.
Now firmly established as Scotland’s cosmopolitan capital, Edinburgh combines an enriching cultural experience with modern accommodation and a thriving labour market, while regions like Bruntsfield and Marchmont offer incredibly spacious family living.
Of course, the cost of living in Edinburgh and areas like New Town is slightly inflated, but this is more than offset by the average salary in the region and the prevalence of well-paid jobs in technology.
#2. Oxford and the Cotswolds
No list of this type would be complete with Oxford and the neighbouring Cotswolds to the west, with these regions universally accepted as being the best and most popular in the world.
For centuries, of course, the dreaming spires of Oxford have attracted some of the world’s most knowledgeable and inquisitive minds, while it’s now also firmly established as one of the best places to live in the UK.
Sure, property values are high here, especially in the Cotswolds. However, houses in such regions will continue to appreciate in value over an extended period of time, while Oxford’s university also ensures that the region is home to incredibly diverse local communities.
#3. Birmingham
Despite being the UK’s second city, Birmingham is often viewed as a relatively undesirable place to live when compared to regenerated regions like Leeds, Manchester and Liverpool.
Much of this has to do with a misunderstanding of the city’s industrial heritage, however, with Birmingham also a bustling cultural hub that’s packed full of museums, shopping centres and striking attractions.
Birmingham’s vast size also offers both affordable and more expensive options for buyers, while you’re bound to find a raft of new build homes near you in the second city.
There’s even the option for canalside living in the city centre too, while you’ll find various rural escapes and famous parks dotted around the outskirts of the city.
The Last Word
Honourable mentions must also go to locations including Cumbria, York and Glasgow, while Durham in the North East offers access to affordable properties on a large scale.
Ultimately, the key is to research each of these areas thoroughly when comparing the real estate market ahead of buying a home, in accordance with your budget and precise requirements as a potential owner.
