Hot Property 2021

18th December 2020

By Will Leyland

As we start to dare to believe that 2020 may soon be behind us, we might take a moment to reflect on a year that will have had an enormous effect on every single one of us for one reason or another.

For many, a sad and anxious year full of uncertainty and restrictions. A year that has shifted so many of our perspectives, whether that be in our personal lives, our careers, or in how we view the world. Offices around the country have largely sat empty whilst the UK workforce suddenly had to repurpose their homes into an office.

However, let it not be forgotten that 2020 also brought back into our collective consciousness the brilliance of humanity in adversity. Food delivery drivers, bin men, nurses, doctors and countless other key workers supported us through a global crisis with grace, dignity and tenacity whilst the wider country did our best to get on with things in difficult circumstances.

Not only that, the miracle of science and collective human endeavour once again reminded us that there is no task so insurmountable that human ingenuity and sheer force of will cannot overcome and, so it was, we managed to put our collective resources and elected apparatus into developing a vaccine that is safe, effective and deliverable in the fastest time ever recorded.

Yes, 2020 has been a tough year, but let us not forget all the thousands of inspirational stories that took us through. Now that the year appears to be finally delivering some good news, we might turn our attention to next year.

2020

Property had a good year in 2020, there’s simply no other interpretation of the last 12 months for anybody involved in the sector.

Across the country prices rose, yields followed and so did demand. There are a million explanations, many covered within this website to explain the boom in property this year and whilst some of it was surprising, the context and story behind not so much.

Whilst the government stepped in to give this boost a kick start with tax relief and incentives, things were already moving considerably upwards beforehand.

All eyes now turn to next year to what an unrestricted and fully functioning market may be able to achieve.

2021

The key in recent years to excellent rental yields has been low entry price, large demand and a relatively wealthy local population within travelling distance of a busy urban centre for work and leisure.

According to a recent Rightmove data set, UK house prices are expected to jump at least another 4% in the next year, which in turn further boosts property investors return on investment, yields and capital gains. According to the data, “Rightmove expects a busy start of the year as the deadline approaches, as a logjam of some 650,000 properties are still currently changing hands.

And while demand is likely to slow down in the second quarter of 2021, the end of the stamp duty holiday won’t be ‘make or break’ for potential buyers and cheap mortgages will continue to support prices.”

2020’s top areas perhaps leave no surprises, with Liverpool, Leeds, the North East, Glasgow and Manchester topping the highest yielding areas of the year.

Our top tips are going to follow on from that as even though these areas have quickly rising property prices they’re coming from a much lower base. If an average house price is £100k then a 5% increase has a much lesser impact than a £500k house.

The north west and north east are highly likely to be the areas to watch this coming year due to the fact that there are a number of projects that had been delayed due to the pandemic, but also there are hundreds more planned across the region which will mean that choice is going to be good for investors.

Not only that, due to the long-lasting impacts of being in more severe restrictions, these areas have a very high ceiling when it comes to recovery, and have much more room to do so. The local economy in Manchester, for example, has been one of the fastest growing across Europe in the last decade, and that’s not set to change.

Lower entry price, higher demand and expanding economies means high yields more often than not and the likes of Manchester, Leeds, Teesside and Liverpool are very much going to be hotting up over the next 12 months.

Do you want to invest in property? Click here to view our available investment opportunities!

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Hot Property 2021

18 December 2020

As we start to dare to believe that 2020 may soon be behind us, we might take a moment to reflect on a year that will have had an enormous effect on every single one of us for one reason or another.

For many, a sad and anxious year full of uncertainty and restrictions. A year that has shifted so many of our perspectives, whether that be in our personal lives, our careers, or in how we view the world. Offices around the country have largely sat empty whilst the UK workforce suddenly had to repurpose their homes into an office.

However, let it not be forgotten that 2020 also brought back into our collective consciousness the brilliance of humanity in adversity. Food delivery drivers, bin men, nurses, doctors and countless other key workers supported us through a global crisis with grace, dignity and tenacity whilst the wider country did our best to get on with things in difficult circumstances.

Not only that, the miracle of science and collective human endeavour once again reminded us that there is no task so insurmountable that human ingenuity and sheer force of will cannot overcome and, so it was, we managed to put our collective resources and elected apparatus into developing a vaccine that is safe, effective and deliverable in the fastest time ever recorded.

Yes, 2020 has been a tough year, but let us not forget all the thousands of inspirational stories that took us through. Now that the year appears to be finally delivering some good news, we might turn our attention to next year.

2020

Property had a good year in 2020, there’s simply no other interpretation of the last 12 months for anybody involved in the sector.

Across the country prices rose, yields followed and so did demand. There are a million explanations, many covered within this website to explain the boom in property this year and whilst some of it was surprising, the context and story behind not so much.

Whilst the government stepped in to give this boost a kick start with tax relief and incentives, things were already moving considerably upwards beforehand.

All eyes now turn to next year to what an unrestricted and fully functioning market may be able to achieve.

2021

The key in recent years to excellent rental yields has been low entry price, large demand and a relatively wealthy local population within travelling distance of a busy urban centre for work and leisure.

According to a recent Rightmove data set, UK house prices are expected to jump at least another 4% in the next year, which in turn further boosts property investors return on investment, yields and capital gains. According to the data, “Rightmove expects a busy start of the year as the deadline approaches, as a logjam of some 650,000 properties are still currently changing hands.

And while demand is likely to slow down in the second quarter of 2021, the end of the stamp duty holiday won’t be ‘make or break’ for potential buyers and cheap mortgages will continue to support prices.”

2020’s top areas perhaps leave no surprises, with Liverpool, Leeds, the North East, Glasgow and Manchester topping the highest yielding areas of the year.

Our top tips are going to follow on from that as even though these areas have quickly rising property prices they’re coming from a much lower base. If an average house price is £100k then a 5% increase has a much lesser impact than a £500k house.

The north west and north east are highly likely to be the areas to watch this coming year due to the fact that there are a number of projects that had been delayed due to the pandemic, but also there are hundreds more planned across the region which will mean that choice is going to be good for investors.

Not only that, due to the long-lasting impacts of being in more severe restrictions, these areas have a very high ceiling when it comes to recovery, and have much more room to do so. The local economy in Manchester, for example, has been one of the fastest growing across Europe in the last decade, and that’s not set to change.

Lower entry price, higher demand and expanding economies means high yields more often than not and the likes of Manchester, Leeds, Teesside and Liverpool are very much going to be hotting up over the next 12 months.

Do you want to invest in property? Click here to view our available investment opportunities!

Will Leyland

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