Skip to content

27 Dec, 2023

5 Things You Should Know When Investing in Property in 2024

We have some exciting new buy to let deals available right now. Don't miss out and secure the best Liverpool and Manchester investment opportunities, with projected rental yields of 10-15%!

    Tips for 2024 UK Property Investment

    The property world can move fast.

    Not only does the property landscape look entirely different from twenty or even ten years ago, but in 2023 alone, we’ve experienced several exciting developments in the property market.

    When investing in real estate in the UK, it’s important to stay on top of the latest trends and property news.

    So, what does an investor need to know about investing in property in 2024? Here’s our top 5 tips.

    The hand is pressing calculators, piggy bank with wooden house. buy or rent question on note with calculators on desk. Property investment calculations

    How to Build a Property Portfolio, Get Started Now!

    Tips on how to start building your property portfolio with tools for success.

    1. Keep Researching and Stay Ahead of the Market

    While this advice is timeless, in 2024, it’s more important than ever to keep up to date with the different trends and developments in the property market. This is because there are more options than ever, meaning there is more to consider when making a property investment.

    Of course, the basics will remain the first consideration – rental demand, rental growth, capital growth, local amenities, and planned regeneration. When investing in buy-to-let in the UK, these factors can give you an idea of whether or not a particular area or type of property will perform well.

    But the UK property market is also susceptible to political or social changes, so it’s worth keeping on top of property-related current affairs to plan a successful property investment.

    Laptop showing charts and numbers

    Property Deal of the Week!

    £22,377 ASSURED net rental income on luxury 2-bedroom townhouse new to the market.

    2. Explore Different Property Types

    More options for property investors have appeared on the market in recent years, with various property types to play with. In order to stay ahead, investors should ensure that they are fully informed of what kind of opportunities each one presents when looking at investment properties for sale.

    For example, there’s been a shift towards build-to-rent developments, as the sector recorded record growth in 2023. This type of property is gaining more attention as more tenants are renting for longer and are on the lookout for high-quality rental homes to live in the long term.

    Another fairly new property trend is the eco-property. This is a property that has been designed with energy efficiency in mind, and they have been growing in popularity as climate change has become a pressing topic. These types of property aren’t just better for the environment but can also bestow plenty of advantages on property investors. Not only can the cost of energy efficiency upgrades be avoided, but studies have shown that eco-friendly homes are more popular, with tenants willing to pay more to live there.

    A fragment of modern building

    Huge £25,000 Discount Available Now. Final Unit Remaining!

    Request an info pack today for this 2-bed apartment with an astonishing £25,000 discount applied.

      3. Keep in Mind that Location is Key

      With the rise of hands-off investments, investing in any area of the UK is easier than ever, regardless of where you are based.

      Sometimes, investors want to target a specific demographic for their tenants and choose the location accordingly. This could mean focusing on property in Luton to target commuters or selecting a university city like Liverpool or Preston property investment for student accommodation.

      In other cases, many investors choose to invest in certain cities based on profitability after thorough research. When researching various UK property hotspots, certain areas reveal themselves to be the most promising when it comes to rental demand or capital growth or have other advantages for property investors.

      This even includes overseas investing. For example, there has been a substantial increase in Chinese property investors acquiring residential real estate in foreign countries.

      Luton,England

      Get Your FREE Liverpool Investment Guide

      Everything you need to know about investing in Liverpool, one of the UK’s hottest investment cities.

        4. Identify Your Target Tenant Before Investing

        As mentioned, the best area for your investment will vary according to the type of tenant you want to target.

        But there are also many other ways to maximise your potential return on investment by considering the kind of renter you want to occupy your property.

        For example, investors may look at luxury new-build properties to target affluent young professionals. Investing in the most modern developments is one way to invest in off-plan property.  It is also work looking at options such as Airbnb investment property for sale as this has seen a huge increase in demand.

        If you decide to rent to students, there are some practical features to consider. For example, the property should have a fast internet connection and communal areas for socialising.

        It’s also important to remember the previous two tips and make sure the location and property type are most suited to your ideal tenant.

        Couple signing up rental contract with the estate agent

        Secure 15% Deposit

        Only 15% deposit needed now, with nothing else to pay until February 2025 on luxury 2-bed apartments.

          5. Decide on a Property Investment Strategy

          These aren’t the only options you must consider when it comes to modern property investment. Strategy is also a key factor.

          In 2024, it’s important to consider whether you want to go into short-term or long-term letting. The popularisation of short-term letting, thanks to websites such as Airbnb, has changed the face of modern property investment. Nowadays, investors should calculate whether or not they could make stronger returns through short-term holidays or long-term standard residential letting. This may apply to coastal areas or popular holiday destinations, like Southend-on-Sea investment properties.

          Investors should also explore hands-on versus hands-off investments. These days, hands-off is becoming more attractive to many investors. Using a property management company to carry out the day-to-day landlord duties means that investors can have more flexibility when choosing the location of their investment, and they can collect passive income every month rather than be responsible for collecting rent and looking after the property.

          Many other strategic approaches to property investment should be thoroughly researched before beginning your investment journey.

          Disclaimer
          Avatar photo
          Author

          Jessica Ferris

          Jessica is a property content writer at RWinvest. Keeping a close eye on the UK property market, Jessica helps our readers stay informed and up to date on the latest market news and statistics.

          Why Choose RWinvest?

          Here are three reasons to choose RWinvest for your next UK property investment.

          We have over 2,000 five-star Trustpilot reviews

          Multiple Award Icon

          We're a multi-award winning investment company

          We offer investments in the best buy to let areas

          Contact Us

          Contact Us

          Want to Get in Touch?

          Fill in the form to contact us today and a member of our award-winning property team will be in touch to help.

            I can honestly say they have put my mind at rest from day one answering all my questions I had , true professionals, I am not experienced in buying off plan or for a rental income but I have to say the process has been smooth from sales to Chloe in client care and now I’m handed over to the final stage for the site visits
            I feel very relaxed and happy with how amazing the team have been. I I can’t wait now to see the end built ! Thanks 🙏

            Kelly Webber

            Google Reviews Logo

            I have had the pleasure of experiencing exceptional customer service from RWinvest. Adam and Michelle were remarkable and were exceedingly supportive in facilitating the acquisition of two properties in Liverpool, at "The Gateway." Their guidance was instrumental in the purchase of the properties and I express my utmost satisfaction with their assistance, and I am inclined to not only endorse but also consider any property advertised by RWinvest.

            Narendra Rai

            Google Reviews Logo

            I am very happy and satisfied with RWinvest. Their team was always responsive, supportive and friendly throughout my investment process. Thomas from RWinvest team was especially very supportive and he made sure that I have all the necessary information at the right time. He helped me with all my queries, and helped me to complete my investment process smoothly and with peace of mind.

            Babak

            Arrow left
            Arrow right
            UK