TPP589: The 5 surprising areas where property is booming
Jun 27, 2024
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Discover the surprising top 5 property growth areas in the UK, including under-the-radar locations outperforming city hotspots. Learn what's driving their success and how to leverage this info for your investment strategy. Plus, explore the impacts of Labour's housing policies and the importance of investing in high-growth property markets for favorable returns.
Belfast is the top performer in property growth due to being 21% below its 2008 peak, indicating significant potential.
Investing in smaller areas like Blackburn and Burnley benefits from economic ripple effects and proximity to major cities for growth potential.
Deep dives
Top 5 Best Performing Areas in England Revealed
The podcast reveals the top 5 performing areas in England. Belfast in Northern Ireland stands out as the top performer due to being 21% below its 2008 peak, signaling significant growth potential. Other notable areas include Derby in third place, benefiting from high-skilled job opportunities and high wages, making it an attractive investment option.
Ripple Effect of Major Cities on Surrounding Areas
Smaller areas outside major cities like Manchester and Leeds, such as Blackburn, Burnley, and Bolton, are thriving due to the ripple effect from economic powerhouses. Bradford and Huddersfield near Leeds also experience growth, showcasing the impact of proximity to thriving cities on regional property performance.
Importance of Investing in Growing Areas
Investing in areas with strong growth potential like Derby, Doncaster, and Greater Manchester can provide excellent returns. Derby's combination of high wages, low living costs, and city center regeneration highlights the benefits of investing in areas with favorable economic conditions and growth prospects.
Location is everything in property investing, and this week Rob & Rob reveal the UK’s top 5 areas for property growth. Forget the usual city hotspots - these under-the-radar locations are stealing the show. Tune in as the guys share their theories on what's driving these areas' success and learn how you can leverage this information to shape your own investment strategy. Can you guess which ones made the list? Hit play to find out!
(0:49) News story of the week
(3:40) The best performing areas for property growth…