Birmingham rated the best place for property investors

28 October 2020 | General

Investors in Birmingham can expect a rental yield of 5.4% and price growth of 14.2% in the next five years, making it the best location for investors, according to UK developer SevenCapital.

Average rents have risen by 30% in the past decade, and are expected to increase by 15.9% in the next four. Prices in the city stand at £202,162.

There’s a raft of projects upcoming in the city – notably the Midlands Metro extension, HS2 and the 2022 Commonwealth Games

The second best city for landlords is Manchester, followed by Liverpool, Nottingham and Newcastle.

Projected five-year price growth is particularly high in Manchester and Nottingham, at 15.76% and 16.92%.

Liverpool and Newcastle are on the cheaper end, with prices averaging at £186,527 and £198,307 respectively.

The only town represented in the study was Bracknell, which was rated the eighth best place for investors.

While the area has a high average price of £383,788, prices are expected to rise by 11.02% in five years.

Bracknell is home to tech businesses such as Dell, Microsoft and 3M, while the town is in the midst of a £770 million regeneration.

This post has originally been featured in Property Wire.