The Top 5 UK Cities To Consider in 2022

Despite the pandemic, the UK property market remained buoyant in 2021, with figures published throughout the year showing rising rental yields and steady house price growth.

The stamp duty holiday did exactly what it was intended to do, and despite going into a third lockdown, the UK property market was booming for most of 2021. Sales volume increased at a dramatic rate, and as a result, it created a market surge.

According to a report by Savills which published data predicting UK house price growth to climb by an average of 3.5% in 2022, with mainstream UK house prices expected to rise 13.1% by 2026.

Looking specifically at the UK’s capital cities outside of London that delivered the highest capital growth for investors, according to the Zoopla House Price Index, Liverpool led the way, with a 10.6% rise. Manchester delivered an 8.7% increase and Birmingham 6.7%.

The number of new Buy-to-Let (BTL) mortgages have doubled over the 12 months to December 2021, According to UK Finance, the latest data shows 13,000 BTL loans processed in September. The average purchase price of a BTL property now sits at £220,000.

There is no doubt we have seen an incredible amount of activity in the Buy-To-Let market, purchase activity is up 83% on 2020, with purchase activity representing an increase of £18bn of transactions this year.

With the aforementioned in mind, there are a lot of positives to take away from the year of 2021, as we head into the new year. Momentum is continuing to propel the market into another very strong year. As discussed in the video above, I dive into “The Top 5 UK Cities to Consider in 2022”, and where I believe investors will see the strongest returns in the form of rental yields and capital appreciation.

If you would like to have a chat about the UK Property Market, please click on the ‘book now’ link below, and I look forward to talking to you all very soon! Merry Christmas and I wish you all a Happy New Year!

Chris Hynes Calendly - Book Now

Wealthi UK - https://www.wealthi.com.au/uk