{"id":6039167,"date":"2022-01-30T14:30:35","date_gmt":"2022-01-30T14:30:35","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6039167"},"modified":"2022-01-30T14:30:35","modified_gmt":"2022-01-30T14:30:35","slug":"new-build-focus-location-property-type","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/news\/new-build-focus-location-property-type\/","title":{"rendered":"New-build focus: choosing a location and property type"},"content":{"rendered":"

Investing in a new-build, whether as an owner-occupier or as a property investor, has numerous benefits, but getting the most out of your purchase depends on several factors…<\/strong><\/p>\n

New-build properties are designed for modern-day living, meeting all the needs of either the owners or tenants who live in them. Having brand-new d\u00e9cor, fixtures and fittings is hugely appealing, and many are also equipped with smart home technology<\/a> as an added selling point.<\/p>\n

What’s more, the energy efficiency<\/a> of new-builds far surpasses that of the majority of existing properties. For homeowners, this means not only a more environmentally friendly way to live, but lower energy bills, which will be a big saving over time.<\/p>\n

For landlords, energy efficiency has never been more of a selling point to today’s eco-conscious tenants, who will also be attracted by the prospect of cheaper bills. What’s more, the government’s upcoming tightening on minimum EPC ratings<\/a> for rental properties means landlords and property investors can save themselves a headache down the line.<\/p>\n

New-build by location<\/h4>\n

Manchester<\/a> is one of the key areas in the UK with a high proportion of new-build homes under construction. The ever-expanding city, which is also home to some major regeneration projects that will continue to boost its appeal as an investment hotspot, has been highlighted as a new-build hub in a recent report.<\/p>\n

The research, by MyJobQuote, shows that Salford in particular has the highest number of new-builds registered in the past five years, with 8,533 built. This makes up 6.9% of the area’s total housing stock.<\/p>\n

But property type when considering a new-build is also important. In the UK’s key cities, a huge number of tenants are looking for flats, where they can live centrally and get more for their money. Property investors will find that in London<\/a>, for example, 94% of all new-builds are flats, according to data from Unlatch<\/a>.<\/p>\n

Manchester has the second highest proportion of new-build flats, with the property type making up 90% of stock. Semi-detached and terraced are 5% each, while detached makes up 1% and bungalows make up 0.1%.<\/p>\n

Birmingham<\/a> is next on the Unlatch list with the highest percentage of new-build flats, at 84%. Again, this is a key city when it comes to huge – and growing – tenant demand, with a huge surge in city centre living as the city continues to benefit from ongoing regeneration and a growing jobs market.<\/p>\n

Next is Liverpool, where new-build flats make up 82% of all the newly built homes in the city.<\/p>\n

Why property type is important to investors<\/h4>\n

For property investors, choosing the right property type to suit their investment goals is crucial. Identifying a target tenant<\/a> in a particular location means you can buy a property directly to suit that tenant, as well as one that will achieve the best long-term returns.<\/p>\n

Looking at the new-build market can be a good starting point, as developers will generally be building the property type that achieves the highest levels of demand and interest in that area.<\/p>\n

For example, according to Unlatch, 55% of new-builds in Sunderland are detached, compared to just 5% for flats. This indicates that there is strong demand for detached homes in the area, so while you may be successful buying a flat, it might need to stand out from the crowd to engage prospective tenants.<\/p>\n

Lee Martin, head of UK for Unlatch, says: \u201cThe creation of any new-build developments will always focus on a number of factors including lifestyle, available space and of course profit margins.\u201d<\/p><\/blockquote>\n

\u201cThis is a fine balancing act but more often than not flats, detached and semi-detached homes will be the flavour of choice. In many built-up major cities where space is tight, flats tend to dominate as building upwards rather than outwards allows more homes to be delivered to market.\u201d<\/p>\n

BuyAssociation<\/a> has a range of property investment types across some of the key investment hotspots in the UK. Get in touch<\/a> for more information or browse some of our current opportunities<\/a>.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing in a new-build, whether as an owner-occupier or as a property investor, has numerous benefits, but getting the most out of your purchase depends on several factors… New-build properties are designed for modern-day living, meeting all the needs of either the owners or tenants who live in them. Having brand-new d\u00e9cor, fixtures and fittings… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":5026324,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[61,4,6],"tags":[44,58,10],"class_list":["post-6039167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction","category-investment","category-uk-housing-market","tag-new-build","tag-property-type","tag-tenants"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/6039167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/comments?post=6039167"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/6039167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media\/5026324"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media?parent=6039167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/categories?post=6039167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/tags?post=6039167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}