Written by Takumi Yamazaki
There is a significant trend in the upward demand in 2 cities outside of London: Manchester and Liverpool, with the unique perks they offer investors. However, the pulling power of London overshadows the list of top invested areas in the UK with the returns they boast.
London is renowned as a financial world centre featuring a wealth of benefits, such as having a beautifully regulated climate for borrowing even after the uncertainties of Brexit. Buyers can also predict having solid leverage levels from low-interest rates, which means capital appreciation is robust and rental yields persist at a steady and consistent level.
London is a global investment market, and in recent times we have seen a high volume from Asia and the Middle East as well as other regions. London provides a level playing field for UK nationals and overseas investors, meaning there are no complications when it comes to restrictions or boundaries, all benefitting from the same purchasing method. There is no overexposure to the riches of any other certain area, which hedges against the possibility of any risk.
With Falcon Investments’ network overreaching across London, in regions such as the Middle East, USA and Asia, investors are reassured with the most reliable insights and knowledge to enable the best-informed decisions when investing in the capital.
As illustrated below, London dominates the list of the top ten most invested-in areas of the UK (no. of purchases – Pure Property Finance):
According to HM Land Registry data, the average property prices in July 2020 in these locations were as follows:
1. City of Westminster: £894,041
2. Kensington and Chelsea: £1,249,531
3. Camden: £823,801
4. Tower Hamlets: £446,865
5. Lambeth: £527,674
6. Manchester: £179,537
7. Liverpool: £139,442
8. Hammersmith & Fulham: £769,061
9. City of London: £786,760
10. Southwark: £507,809
Looking at the data above, overseas investors own £7.3bn worth of property in Kensington & Chelsea and over a £1bn in the City of London.
For more information regarding any insights or expertise, please get in touch with our team at Falcon Investments, and we will be happy to help.