More than just bricks and mortarMake Text Bigger
With the world economy suffering a slowdown, research shows people still have great trust for investments backed by ‘bricks and mortar’ and property continues to be a popular asset class with investors.
Why is this? Unlike other asset classes, property enables you to gear your investment through investing a percentage of your cash rather than all of it. Property provides an attractive and sustainable income for investors, which if compared to a typical savings rate will provide income of up to 10 times that amount.
Since the 1950s, property values have doubled on average every 7 to 10 years. By investing in property, you are using your money to generate more money. You are making your money work for you.
The latest census shows the UK’s population has increased by a record 7% (4 million) in the last decade to just over 63 million. Since 2002, demand for rental property has almost doubled.
Where should I invest? The residential property market in northern England has earned a great deal of media attention over the last few months as it continues to go from strength to strength, with property transactions and house prices rising across several regions.
Southern cities used to dominate house price growth reports, but over the past five years, more than half of northern cities have made the UK top 10. Zoopla research revealed that property prices grew the fastest in cities in the Midlands, the North of England, Wales and Scotland. Values have surged by 16% in Birmingham and 15% in Manchester and Leicester. Meanwhile, growth in the South has slowed to just 1% in London and 2% in Oxford.
Don’t get us wrong – London is a world class city. The unique history, the museums and galleries, the public transport links and the incredible bars and restaurants add up to something special. But there’s no doubt that it’s also an expensive city. For many, the capital has simply become unaffordable. The number of millennials leaving the city is at its highest level for more than a decade. Even homeowners are leaving for greener pastures.
It’s not just the changing needs of the domestic market that are boosting prices up North; the evolving desires of foreign buyers are also contributing to price surges. Stimulated by low-interest rates and favourable exchange rates, foreign investors have been in a position to snap up UK property at discount prices.
What do we have to offer you? We thought you may ask. Please find below the perks of Off-Plan developments vs. Build Complete properties and the opportunities we have to offer you.
The Perks of Off-Plan. Investors who get in early by investing in off plan property, often experience valuable opportunities and can enjoy growth whilst they are waiting for their property to complete.
Like the sound of Off-Plan? Take a look at PIP’s opportunities below!
One BHM, Birmingham
In a much sought after B1 postcode, this ‘early bird’ investment opportunity at One BHM, Birmingham is ideally situated on the outskirts of the famous Jewellery Quarter. The development will comprise of 165, 1, 2 & 3 bed contemporary and sustainable luxury apartments. With predicted yields of up to 6%, prices start from only £164,995 for a 1 bed, £225,995 for a 2 bed and £292,995 for 3 bed apartment.
One BHM is ideally located to attract the rapidly rising number of professionals, young couples and students who are choosing the area to live and work in. This enviable location offers everything a tenant or investor would be looking for in a city-centre development, with the very best of the city within easy reach. One BHM is situated near to the stylish canal-side area of Brindley place, a key hub for both work and leisure; home to some of the city’s best upscale bars and restaurants.
Park View, Birmingham
This opportunity consists of luxury 1, 2 & 3 bed apartments, starting from only £139,995. Park View is located in Birmingham’s Eastside, close to Highgate Park. Though not situated within the Masterplan itself, Park View’s close proximity on the outskirts will make it just as desirable a location, having the same amenities nearby as the other premium-priced developments. According to local letting agents Martin & Co, these properties will achieve rental yields of up to 6.4%!
We are very excited about these build complete stunning, high-specification 2 and 3 bed houses in Lincolnshire! Keep an eye out for the launch soon.