We have previously outlined our criteria for choosing a property investment location, which is tried and tested to ensure returns for our clients. Affordability ensures demand will be strong, good transport links allow people the flexibility to get where they need to and ongoing regeneration signifies investment and growth in the local area.
Below, we outline three exciting property investment locations, which we believe are ones to watch in 2022 – Ipswich, Thanet and Bristol.
Located in Suffolk, Ipswich is a thriving hub in the East of England. The local economy is focused around manufacturing and services and is among the fastest growing cities, with an economic growth of 1.6% year-on-year and creating local job opportunities.
The county town also has a growing population of 137,000 but the population is forecast to 146,000 by 2028, which shows the demand for housing is on the rise. Despite its proximity to the countryside and the coast, Ipswich also benefits from excellent connectivity, with the fastest train only 57 minutes to Liverpool Street station. Ongoing regeneration projects such as Ipswich Waterfront and the new University of Suffolk campus are also contributing to the town being an appealing property investment opportunity.
We have seen in recent years a trend towards coastal towns as a place to live and invest. The Kent coast has been among the most popular, with the Thanet towns of Margate, Broadstairs and Ramsgate performing especially well for investors due to high demand and limited supply.
The area offers a lifestyle that you can’t get elsewhere, as well as being more affordable than London without compromising on connectivity thanks to the HS1 rail link. House prices have also grown by twice as much as London house prices over the past five years, showing property in Thanet will no doubt generate excellent returns for investors.
The most populous city in South West England, Bristol has been a popular place to live thanks to sustained jobs growth and thriving cultural scene. It also boasts unrivaled connectivity for the region thanks to its railway, motorway and air links.
Ranked top in Aldermore’s Buy to Let City Tracker, Bristol has become an increasingly popular location for buy-to-let investors and it’s easy to see why. Demand is strong, with only 0.6% long-term property vacancies, which is positive news for investors as it suggests property will be snapped up quickly. It is estimated around 27% of residents are privately renting and rental yields are 4.6%, which is positive for investors.
GRE Assets has been delivering high quality, well connected homes in the UK and Spain since 2006.