In the last 25 years, the UK property market has faces various difficulties, but has always remained resilient with a hugely impressive level of long-term growth. The property market is cyclical, and where short-term drops have made their impact, over the long-term the level of growth cannot be stopped.
Whether focusing on the credit crunch of 2008 that saw UK house prices fall by 21%, or the after-effects of Covid that massively slowed growth, some investors may be worried about these unforeseen and uncontrollable hits to the market. However, when looking at an increase of 257% over 25 years, it’s imperative to remember that you cannot approach property investment with a short-term mindset. There is always a risk of something happening that causes a short-term dip in prices, but over time, these drops become arbitrary compared to the massive growth that occurs.
While investment is about looking at the long-term vision, it’s still important to pick the strongest areas to gain the best capital growth and see the strongest returns. The North of England has been continuously outshining southern cities for some time now, with cities such as Manchester, Sheffield, Liverpool, and Leeds offering the strongest returns for investors across the globe. While the market always rebalances after a drop and continues to grow, investing in the right areas is key to securing the best investment possible.
If you’re keen to find out more about the investment hotspots in the UK, reach out to our property consultants today for more information and advice.