Perhaps our investor clients should have a look at the latest list of predicted property hotspots before deciding upon their next purchase. The list has been compiled based on key indicators including transport links, age demographics and crime rates to identify those places where property prices are most likely to rise in the next 10 years.
Whilst it will be interesting to review the data in 10 years time to see how accurate the predications turned out to be it's an inescapable fact that with property prices in the south east rising many investors are looking elsewhere for investment properties and this list would seem to be as good a place as any to start.
However, with the government introducing less favourable tax regimes for residential landlords and expected to clamp down further on the private rental market this is not the time to be going into the buy to let market unless you've really done your homework and taken proper advice.
Property experts have revealed ten locations in the UK where property prices are likely to boom in the next decade - with Rotherham, Leicester, and even parts of Surrey making the cut. The locations - a mixture of cities and commuter towns - are all in England, and have a huge variation in house prices - from terraced homes going for less than £90,000 to plush detached properties in excess of half a million.