In today's podcast, Mark discusses the best places to invest in the UK for 2024.
Although London set the trend for the decline in house prices, it remains the most expensive place to invest in. Data suggests that the average London tenant spends 40.2% of their income on rent, compared to the UK average of 28.4%.
Mark recommends Birmingham as one of the best places to invest in due to the increasing number of infrastructure and development projects in the area. The average rents in Birmingham have increased by 9% in the last year alone.
It is crucial to conduct thorough research before investing in any property, as each property has different costs and requirements.
Statistics from 2011 show that the average property price was £132,000. By 2021, this had risen to £210,000, indicating a substantial increase. However, the average price has only risen to £284,691 in 2023, highlighting the potential of investing in Birmingham.
Mark emphasises the importance of avoiding areas that have already reached their growth potential, such as London since you will be capped on making capital growth from those properties.
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In today's podcast, Mark discusses the best places to invest in the UK for 2024.
Although London set the trend for the decline in house prices, it remains the most expensive place to invest in. Data suggests that the average London tenant spends 40.2% of their income on rent, compared to the UK average of 28.4%.
Mark recommends Birmingham as one of the best places to invest in due to the increasing number of infrastructure and development projects in the area. The average rents in Birmingham have increased by 9% in the last year alone.
It is crucial to conduct thorough research before investing in any property, as each property has different costs and requirements.
Statistics from 2011 show that the average property price was £132,000. By 2021, this had risen to £210,000, indicating a substantial increase. However, the average price has only risen to £284,691 in 2023, highlighting the potential of investing in Birmingham.
Mark emphasises the importance of avoiding areas that have already reached their growth potential, such as London since you will be capped on making capital growth from those properties.
VALUABLE RESOURCES:
CONNECT WITH US:
Facebook: https://www.facebook.com/propertyinvestorsnetworkuk
LinkedIn: https://www.linkedin.com/company/property-investors-network
YouTube: https://www.youtube.com/c/propertyinvestorsnetwork
Twitter: https://twitter.com/pin_uk/
Instagram: https://www.instagram.com/propertyinvestorsnetworkuk/
TikTok: https://www.tiktok.com/@propertyinvestorsnetwork