Thursday, April 1, 2010

Top 10 Investment Hotspots In The Uk 2010

Top 10 Investment Hotspots In The Uk 2010

Over the last two years, in 2008/9 there has been a decrease in property prices made even more difficult with the economic situation in the UK and across the globe. However, property prices rose in 2009 by roughly 6 per cent which has offered some hope. Here we take a look at the top 10 property hotspots in the UK for 2010, although opinion is divided as to whether there will be a rise or fall in property prices in 2010.
Property in the South East of England
Some areas of the UK are expected to do better than others in terms of property prices. The London property market and also in the South East is typically strong in terms of maintaining property price growth, and it's predicted during 2010 that this will remain the same. London property is always in high demand and the realtive shortage of homes available at market has pushed prices up from 2008.
Cricklewood and Brent Cross Property
Other areas in London are also well worth considering for property investors. In North West London, property in Cricklewood, as an example, is worth exploring as is property in Brent Cross, because of plans to regenerate the areas. Tower Hamlets property is also a good bet, as Tower Hamlets is in line for regeneration after the Olympics in 2012, with the prospect of thousands of new homes and a new school being built.
Home Counties Property
Property in the Home Counties has remained resilient and prices here increasing slightly in the last year, largely because of the high demand and low availability of good properties on the market, particularly Home Counties property at the luxury end. During 2010, property prices should remain stable as investors and buyers look around for properties within easy commutable reach of London.
Property in Birkenhead
Moving North, property in Birkenhead in The Wirral is also worth considering for investment, as there is a major regeneration programme being implemented at a cost of billions of pounds, with new homes, entertainment and leisure venues and a new hotel being built in the area.
Property in Yorkshire
Property in Yorkshire is also worth considering for investment and property capital growth, particularly in and around Yorkshire market town hotspots such as Skipton, Ripon and Wetherby. Typically in market towns, there is a large demand for property because of the picturesque surrounding of these towns, and their distance to Leeds is also favourable with commuters who work there. For these reasons, property here is very desirable, combined with low availability, maintaining a higher property price level in these areas.
Telford Property
Property in Telford is worth considering as Telford is undergoing a large investment and redevelopment programme, with new homes being built that will improve the area. A large international conference facility centre, similar to the ICC at Birmingham, will also create jobs and help the Telford economy. For investors, Telford property is good option, as there will also be demand for accommodation that can be rented on short-term lets, particularly with business renters and organisations requiring properties for their employees.
East Glasgow Property
In Scotland, property prices have seen a decline, particularly in East Glasgow; property here has been negatively affected by there being too many homes available as well as the recession. However, there is some hope on the horizon with a
(ArticlesBase SC #1847519)

Peter Aps - About the Author:
Authored by Peter Aps on behalf of Tailored Home, UK property finders. For further information, please visit the site at: http://www.tailoredhome.net

Source:  http://www.articlesbase.com/business-articles/top-10-investment-hotspots-in-the-uk-2010-1847519.html