The top property hotspots in the UK for the coming year have been uncovered by a new independent survey by FJP Investment.
Its research, which surveyed 512 UK investors, all of whom own two or more properties in the UK, revealed that 44% of current UK property investors plan to add to their portfolio in the coming year. It also found that London remains the primary focus among UK property investors, with 40% of investors planning to buy in the capital.
Meanwhile, both the West Midlands and the East of England were also found to be catching the eye, named as an investment priority by 32% and 26% respectively, while the South West (19%) and the East Midlands (17%) completed the top five.
By contrast, just 5% of those surveyed identified Northern Ireland and Wales as worthwhile places to invest in property, while the North East (9%) and the North West (13%) also scored low.
In addition, the research revealed that 44% are now more inclined to invest in rural areas since the Covid-19 pandemic began, and that 42% currently see real estate as a key investment opportunity in the current climate.
Jamie Johnson, CEO of FJP Investment, said: “The stamp duty holiday has clearly played a part in boosting activity in the property market and with the worst of the pandemic hopefully behind us and investor confidence returning, it is positive to see that property portfolio expansions are high on investors’ agendas for the coming year.
“Tellingly, London has retained its crown as an investment hotspot, despite speculation throughout the pandemic that the city may have lost its appeal as a place to live, work and invest. Yet our research also shows that regions such as the West Midlands and East of England rank high among investors’ wish lists, and we should expect these areas, along with the likes of the North East and North West, to attract a high level of property investment in the coming years.”