The world of property investment can be a competitive one, with investors constantly seeking out the best opportunities around Europe. With so many potential hot spots around the continent, it can be difficult to know where to focus your attention. That’s where a Eurovision-style contest for property investment hotspots comes in.
Inspired by the famous song contest held in Liverpool this weekend just gone, we’ll be looking at some of the major European cities as well as major British cities too. We’ll look at a variety of factors, including location, growth potential, rental yield, and affordability.
With Europe having experienced a cost of living and inflation crisis, mainly as a result of the war in Ukraine, economies across the continent are now stabilising and growing again, meaning their property markets are once more attractive to investors.
Property Eurovision:
Liverpool
First, we’re off to our Eurovision host city, Liverpool, which hosted on behalf of last year’s winners, Ukraine.
Taking enormous pride in their hosting duties, one of the jewels in the UK’s crown threw one of the most memorable Eurovisions ever, but what is the city like for property investment?
Well, according to Zoopla and Home, the figures for Liverpool were:
– Average monthly rent for a one-bedroom apartment: £668
– Average property price for a one-bedroom apartment: £117,080
– Average rental yield for a one-bedroom apartment: 6.83%
Not only is Liverpool affordable to live in, but it has an abundance of rental properties for both students and professionals, as well as incredible culture and nightlife.
Manchester
Another North West highlight for the UK, Manchester is one of the most exciting and cool cities to live and work in at the moment. A real sense of opportunity and regeneration following the pandemic is seeing the city really reach its potential.
According to Zoopla and Home, the figures for Manchester were:
– Average monthly rent for a one-bedroom apartment: £842
– Average monthly rent for a two-bedroom apartment: £1,116
– Average property price for a one-bedroom apartment: £162,878
– Average property price for a two-bedroom apartment: £269,112
– Average rental yield for a one-bedroom apartment: 6.22%
– Average rental yield for a two-bedroom apartment: 4.96%
Madrid
The sunny capital of Spain, Madrid is consistently voted one of the best cities to live and work anywhere in the world.
A hive of culture, excellent nightlife, food and drink, it’s hard to imagine anybody not wanting to take in its many streets and plazas full of libraries, restaurants and museums.
Spain didn’t do as well as expected on the night, but how does their property market compare?
According to Idealista and Fotocasa:
– Average monthly rent for a one-bedroom apartment: €964
– Average property price for a one-bedroom apartment: €223,940
– Average rental yield for a one-bedroom apartment: 4.09%
Stockholm
The capital city of the eventual winner Sweden, Stockholm is consistently rated as one of the happiest places to live. Perhaps due to Scandinavian-style public services and a higher quality of life, but the city has all the hallmarks of an excellent place to live.
With museums, bars, restaurants, libraries and great nightlife, this city will always attract some of the best and brightest.
How does it compare to its property market? Well, according to sources such as Hemnet and Booli:
– Average monthly rent for a one-bedroom apartment: SEK 10,343 (approximately €1,023)
– Average monthly rent for a two-bedroom apartment: SEK 15,347 (approximately €1,518)
– Average property price for a one-bedroom apartment: SEK 3,871,374 (approximately €383,319)
– Average property price for a two-bedroom apartment: SEK 6,986,619 (approximately €691,313)
– Average rental yield for a one-bedroom apartment: 3.19%
– Average rental yield for a two-bedroom apartment: 2.63%
As you can see, all these great European cities have something to offer, and all are excellent places to live and work, but if you’re interested in investing in the UK market, then why not get in touch with us today?
