Wealthi's Domenic Nesci & Christopher Hynes shares the latest updates on where to invest in the UK property market, investment opportunities, and the drivers of each of the emerging markets.
Chris shares his knowledge of the UK property market, the price expectations and yield returns across the different markets, and where the opportunities lie for investors to invest in property heading into 2022.
Both Dom & Chris also discuss the investment opportunity for international investors to buy in the UK property market and capitalise on the prospering property market.
Listen to the full conversation to learn the key areas to invest in the UK property market and the latest insights into infrastructure developments and trends driving the market.
Episode transcription highlights
Domenic Nesci: (02:18)
But before we jump into those markets, can I ask you, how is the UK performing? What have you seen in London, UK, generally?
Chris Hynes: (02:25)
Certainly. So as we all know, London is a strong market. It's almost its own country in a sense when you look at the UK and it's always going to perform extremely well. I think they're now saying that you are almost ensuring that your property's going to double in value in about 8.7 years is what they're saying now, so it's a strong market and you're going to see some sustained growth in that London market no doubt. And we're starting to see that ripple effect out from London.People, I guess COVID has definitely sped up the situation, but people now want that space, they don't want to be crammed up in their little two-bedroom flat or three-bedroom flat, whatever it may be, in London with no outdoor space or having a balcony, not being able to go for walks in the countryside.So I think COVID has accelerated the way in which people in London have taken their perspective on living, and now they're looking for more space. So we're seeing that rippling effect out London and it's really helping places down south.You can say, in the likes of Surrey, for example, property prices have started to over the last 12 months have really accelerated quite astronomically, and then the same goes for Kent. People looking for those commuter belt locations where they can get into London quite excessively.And then when we look to the north of London, so this starts to include Birmingham, and we've spoken about Birmingham a lot in the past and it's a very, very strong market. Now it's now deemed the UK's second-largest economy and it's a powerhouse in itself, so we're seeing some very strong price growth in Birmingham now.And I think there's a number of contributing factors that tie into that, but a big thing is infrastructure projects that are going into Birmingham. And as we've seen, we've got the HS2, the high-speed rail line that's connecting London to Birmingham in about 45 to 50 minutes, give or take.So that's really going to help its position as a commuter city outside of London, where you can get into an affordable brand new two or three-bedroom apartment, for example, and you're looking at around that 250K to 300K mark, and you compare that to London and you look at a two-bedroom in London, and I think you're looking at close to that 600,000, 700,000-pound mark.