Are you looking for a forward-thinking, promising property investment strategy to kickstart your finances in 2020? To help get you inspired, here are some of the most popular strategies throughout the UK at the moment.
Purpose-Built Student Property (PBSA)
PBSA is often referred to as one of the most affordable property types for investors and also one of the highest-earning in terms of monthly rental yield payments. Student property is simultaneously the perfect entry point for those new to the investment world, and those experienced in the field of property but looking to expand their portfolio with something different.
Beginner investors looking to purchase a purpose-built property will benefit from a range of different elements that are streamlined and simplified in this property type. Two key examples include the fact that the apartments are compacted and efficient with their space, meaning that investors have a comfortable starting-off space to control and look after. Also, the fact that these property types are typically managed by a dedicated company, allowing them to adopt a hands-off strategy as much as they like while getting started, rather than jumping straight in at the deep end.
If chosen in the right urban area/city, investors can stand to make a healthy amount of profit from their student flat, enjoying the regeneration in the area also, as by association the capital growth is more likely to climb steadily.
Liverpool properties dotted around the city centre are the most lucrative, and also the most popular among those studying at the universities in the city. Luxury spots within the L1 postcode that contain exclusive facilities such as swimming pools, spa rooms and gyms allow for investors to increase the rental price on their property, bringing in even more income each month through rental payments. For some great examples of these apartments, take a look at those offered by RWinvest, a UK property investment company with roots throughout the city and the north as a whole.
Residential City Property
As an alternative to investment in a student property builds, a standard residential property that appeals to young professionals and workers are few and far between. City centre living is rising in popularity consistently. An increasing number of young people either wanting to stay in the city to work after graduating from university, residential is easily one of the best ways for investors to ensure that their development has a tenant as soon as possible – with as few chances of void periods as possible.
Finding the perfect city – one that has an exciting amount of development and growing demand in equal measure – is the key to getting a successful stake in an investment property.
Off-Plan Development
This specific type of investment applies in part to both student and resident property. As explained above, the demand for these types of properties is so high that development and investment companies are continually having their opportunities snapped up by eager tenants. By investing in an off-plan development, investors have the chance to get early-bird access to a development before it’s completed. Additionally, while in the past there might have been uncertainty surrounding off plan since you can’t see your property before it’s done, growing tech trends such as VR are helping to show investors the potential of investing in the future. Bear this strategy in mind going through 2020 and into the next decade!
