Developers spend a lot of time analysing areas in which to build homes, looking at various factors to ensure those homes appeal to the right buyers and tenants. After all, investors should be looking for the best place to invest in property to provide the best returns.
They look at proximity to amenities, public transport, local schools, regeneration potential, and capital growth forecasts to ensure these homes maintain value over time.
When you purchase a new-build property, the developer has already performed due diligence. While investors should always conduct their own market research, new-builds tend to be in areas with good rental yield potential and will appeal to a broad spectrum of prospective tenants.
A recent Shawbrook Bank study showed that more than 27% of landlords view urban flats as a lucrative investment as more people return to office work in city centres. Many developers construct new builds in the city centre due to the proximity to job opportunities, particularly in cities with strong economies and good-value properties such as Liverpool, Manchester and Glasgow.
As such, property investment opportunities in these areas should be considered to appeal to workers looking for a conveniently located home from which to commute to work.
