Top 5 Places to Invest in Buy-To-Let in the UK in the Second Half of 2024

As you plan your property investments in the second half of 2024, strategic choices can make a significant impact on your returns. Here's a concise breakdown of the best places to invest in BTL in the UK:

1. Manchester

With a history of capital appreciation, a thriving job market, and substantial regeneration projects, Manchester remains a top choice for investors.

• Average Property Price: £248,000

• Average Rental Yield: 7.2%

• Price Growth Prediction 23-27: 19.3%

2. Newcastle

Affordable and with a rising population, Newcastle is an attractive option for investors. Gateshead and City Centre postcodes offer some of the best rental yields.

• Average Property Price: £200,000

• Average Rental Yield: 6.8%

• Price Growth Prediction 2024-26: 13.5%

3. Leeds

As a financial hub with a growing population, Leeds offers strong rental returns. Areas like Burley and Woodhouse provide some of the best rental potential.

• Average Property Price: £248,931

• Average Rental Yield: 6.5%

• Price Growth Prediction 2024-27: 14.2%

4. Liverpool

Known for affordability and ongoing regeneration, this city is poised for capital growth. Areas like Wavertree and Crosby showcase strong rental returns.

• Average Property Price: £215,115

• Average Rental Yield: 6%

• Price Growth Prediction by 2026: 20%

5. Birmingham

With robust regeneration plans, a rising population, and significant tenant demand, Birmingham stands out as a stable investment. Key areas like Digbeth and Hockley offer attractive rental returns.

• Average Property Price: £231,000

• Average Rental Yield: 6%

• Price Growth Prediction 2024-27: 19.2%

Best Places for Capital Growth

With substantial growth in the last few years and strong predictions for the next four, these cities offer promising opportunities for long-term investors.

As you navigate the diverse landscape of the UK Buy-To-Let market, carefully consider your investment goals and leverage the unique strengths each city presents.