I'm a second year Undergraduate at Leeds Metropolitan University, studying BA (Hons) Human Geography.
As house prices recover in the South-East, purchasing a buy to let property becomes more difficult and discourages both investors and buyers. So, thinking outside the box is crucial and is possibly just beyond the M25 if development securities and governmental agendas want to keep investors interested in UK property. Property prices in certain regions is undergoing a more moderate recovery, therefore looking for the next hot spot is essential. My tip for this would be the newly crowned City of Culture 2017, Kingston upon Hull.
Lazy journalism over the years has certainly 'done Hull down' and the media has created a negative representation, giving it a poor identity. However, there has been major regeneration projects and development of the city with more cultural investment immanent, along with the surge of green renewable energy investors, such as Siemens. This has created a realization of the potential of its estuary position resulting in greater investment in this up and coming area are positive.
A three bedroom semi in a popular family area in Hull can be bought for around £100k commanding a rent of £500pcm. Showing the figures add up and while successive governments only ever tinker around the edges, with short lived schemes like funding for lending or the reactionary help to buy scheme but never fundamentally dealing with the foundation issue of demand out stripping supply, property will always be a wise medium to long term investment.
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