Best Emerging Locations For Property Investment

Kingston upon Hull

Situated in the South of Yorkshire, Hull is another great example of an emerging investment location. While it may not initially spring to mind as an investment hotspot, this unique city has grown rapidly. Hull is one of the most affordable places to buy property in the country. This means that in the long-term, this growing city will end up being extremely prosperous for investors. Property prices in the city have already grown by 10.7% in 2021. Even despite the end of stamp duty holiday and uncertainty surrounding the pandemic, Hull’s property market has remained extremely robust. Buy-to-let landlords can also benefit from a huge pool of potential tenants from international students and young professionals.

Hull also has an extremely robust tourism industry which has played a prominent role in its economic regeneration. With many great landmarks, including the deepest aquarium in Europe, The Deep, Hull entices tourists from across the country.  In addition to winning the title of Capital of Culture 2017, Hull is also seen as the ‘Most Poetic City’, as it is home to noble poets including Philip Larkin and Andrew Marvell.

It does not end there, as this diverse city is also a lesser-known regeneration hotspot. Over the last 8 years, £1.5bn of regeneration investment has been poured into the city. These projects have acted as a catalyst within the city, which, in 2017, led to Hull being ranked as one of the three fastest improving cities to live and work in. Consequently, professionals, families, students, and businesses are reaping up the benefits of this cultural capital. With such affordable prices, the achievable rental yields are extremely attractive to investors. Therefore, making Hull a standout, emerging investor location.

Brighton

Recent statistics have shown that Brighton has some of the fastest rising rents in the country. Thus, proving to be an emerging investment location. Over the last 10 years, Brighton has shown fantastic capital appreciation as the city continues to grow. Often referred to as London-by-the-sea, Brighton has cemented its status as a dynamic, liberal, tourist attraction. Thousands travel to Brighton every year for annual events such as Brighton LGBTQ Pride. Brighton’s popularity also means a high proportion of long-standing tenant demand. For young professionals looking to move outside of the capital, Brighton is one of the most popular choices. As a result, these tenants end up staying in rental accommodation for extended periods.

With exceptional transport links to London, Brighton is seeing plenty of commuters moving there. Most commuters will be on London salaries, willing to pay London rents, but prefer living by the beautiful seaside. Pulling in 9.5 million tourists each year, Brighton regularly tops the leader boards as the happiest place to live in the UK. In the last 12 months alone, property prices have increased by 15%. Brighton’s property market is one of the strongest in the UK, remaining extremely resilient throughout the pandemic. As a result, it ranks as one of our emerging investment locations.