Riding The Wave - Tips For Successful Property Investing In a Post-pandemic UK

1. Riding The Wave - Tips For  Successful Property Investing In a  Post-pandemic UK      The 2020 Coronavirus pandemic knocked the UK property market for a loop. Prices plummeted,  high LTV mortgages all but vanished, and (perhaps most astonishingly) the government even  imposed a temporary stamp duty relief to try and shock-start the heart of it all - the buyer.    Now the dust is settling (fingers crossed), future predictions are cautiously optimistic. Investors  are rearing their heads and putting out feelers once again.    That being said, the situation remains unstable. Buying an investment property in 2020 can be a  lucrative decision - as long as you know exactly where to put your money!   

2. Regional Lockdown Performance    Although cities in the South of England witnessed their slowest growth rate in seven years, other  areas performed more favourably.    The North of England, for example, defied the doomsday forecasts to retain a steady property  growth rate of 3.6% annually.    If you’re considering a ​property investment in 2020​, you’ll want to know the best places to buy  and sell in the UK.    Here’s a overview of the highest-performing regions in the country:    Leading independent credit broker TotallyMoney compared nearly 500,000 properties across  England, Scotland and Wales. The report focused on yields generated in each area.   

3.     The stats speak for themselves. The North West had consistent yields, even during the  nation-wide lockdown!      Cities with most listings during lockdown:    Liverpool 5,101 listings  Birmingham 4,081 listings 

4. Leeds 3,830 listings  Cornwall 3,673 listings  Leicester 3,180 listings  Exeter 2,914 listings  Durham 2,654 listings  Manchester 2,483 listings  Bristol 2,473 listings    As you can see, Liverpool remains high on the list, and has done for many many years. Boasting  some of the highest yielding postcodes in the county, this lucrative investment area is not set to  be dropping off the leaderboard anytime soon.    Cities that didn’t make the grade    Wherever there are winners, you can be sure there are losers as well - and lockdown was not as  kind to some as others.    Alongside its list of high-performing cities, TotallyMoney also assessed those which sadly failed  to generate profitable yields.    Surprisingly, many of them are high-traffic areas for commuter.    Right at the bottom of the postcode list is St Albans, AL5. In sharp contrast with cheaper areas  like the north, the average buying price here is a cool £800,000 (nope, still not botching those  zeros). Worse, the rental yield on this eye-watering investment is just £1,300 - or roughly 1.95%.    Struggling in second-to-last place is W8 in the leafy suburb of Kensington - where the average  house price clocks in at almost £2 million, in exchange for a 2.05% yield.    These under-performing regions are close on the heels of RG10 in Reading, GU10 in Guildford,  and KT7 in Kingston-upon-Thames.    Fun fact: the anomaly city of Sheffield has managed to score a place in both lists! S1 is in the  top ten row, while S7 lets its side down on the lowest ranked list.    Funny things do happen.   

5. Liverpool takes the Cup!        Whether it’s a Premier League victory, or topping the UK property charts during a global  pandemic, Liverpool have given 2020 a serious run for its money!    Liverpool’s L1 postcode is the proverbial land of milk and honey when it comes to the UK  housing market. Research showed that buy-to-let investors can purchase a property here for as  little as £90,000 (no, there isn’t a missing zero) and let it out to tenants for an average of £750.    When you multiply this figure by 12 and divide it by the purchase price, you’re looking at a 10%  yield! That’s a pretty solid ROI.    Liverpool also topped the list of cities with the largest selection of property listings during  lockdown. And, unsurprisingly, the top ten cities are all North of England regions.   

6.   Bring in the Experts    It’s one thing to know where to look when investing in property, but navigating the many  potential pitfalls of an unstable market isn’t as easy as it might sound.    To quote James McCaffrey (credit expert at TotallyMoney): “There are pockets of profit for  landlords. It seems that Scotland and the North are good places to start a buy-to-let property  search.”    However, he also added, “Landlords should always do their research before committing to a  property purchase, understanding current market trends is part of that. Making sure they’re  financially prepared is another.”    There are a myriad of factors to consider when it comes to property investing, such as whether  you are buying to let, or to sell at a profit, what type of property you want to go for, potential for  extending/renovating - and the list goes on!    If you want expert advice on local insights and help finding the best property for you, get in  touch with​ Winova Properties​ . We deal exclusively in the Liverpool housing market (yes, that  front-running goldmine) and are here to get you maximum ROI today.    Original Source:  https://www.winovaproperties.com/post/riding-the-wave-tips-for-successful-property-investing- in-a-post-pandemic-uk