The Spa town of UK is the best way of investing

The real estate market in the UK is on the rise. First and foremost, profitable investment in London real estate. However, residential property in London is now so much increased in price that many investors seriously expect slowing of price growth in London, considering the other options for possible investment. Knight Frank conducted a study of the real estate market, trying to figure out what other cities in the UK can be attractive from the point of view of investment in residential property. The study showed that the best increase in average prices showed property in the resort city.

Average price for property in Spa towns was 3.5% higher at the end of 2013 in comparison with 2008. For comparison, the average for the UK property prices dropped significantly, being at the end of 2013, 6.7% lower than in 2008.

Anticipatory dynamics of prices of residential property in the resort cities of the UK reflects the increased demand for houses and apartments in the historical cities and around them, as well as the post-crisis tendency of people to urban life.

The study showed that in Royal Tunbridge Wells recorded the biggest increase in prices after the 2008 crisis – at the level of 16.5% to the end of 2013.

Followed by a gorgeous Bath with a growth rate of 15.5%, then Cheltenham with price growth of 12% and Royal Leamington Spa with the rise in prices of 11.3%.

And this is not surprising. Indeed, in all these cities a unique blend of outstanding historical sites, a huge number of best shops and closeness to nature. Such cities with a long history, ancient traditions, ancient architecture and wonderful access to the sea is not so much in the UK and they are always in high demand as the British, and visitors from the United Kingdom.

However, the growth in property prices in these cities still lags far behind London. Given that demand far exceeds supply, you can be sure that the resort cities in the UK have excellent investment potential.

® Helen Entree. 23.04.2014

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