With the New Year right around the corner, making big plans for 2021 can really give you that Fresh Start feeling, and get you back on track after the year we’ve just had. While it hasn’t been the easiest 12 months, a stable investment in property could really be the change-up your finances need for a far more promising 2021. But where’s best to be putting your money, and what can you do to make moves for a more financially optimistic future in 2021?
Austin, Texas
Austin has emerged as a hot real estate market, with its vibrant culture, thriving job market, and desirable lifestyle drawing new residents. The metro area saw property values increase over 10% in 2020 alone. Strong demand coupled with limited housing inventory makes Austin a lucrative place to invest. Focus on central neighborhoods like South Congress and East Austin where walkability, amenities, and access translate to high rents and impressive returns. Capitalize on the influx of tech companies and young professionals flocking to the “Silicon Hills” by purchasing condos and multifamily properties. With no state income tax and a business-friendly environment, Austin offers long-term growth potential for savvy investors.
Pittsburgh, Pennsylvania
Pittsburgh is emerging as a promising real estate market poised for growth. With top universities and research centers, the city attracts skilled workers, while maintaining affordability compared to other tech hubs. Neighborhoods like East Liberty and Lawrenceville are experiencing revitalization with trendy eateries and shops, making them attractive for rental investments. The robust healthcare, education, and financial services sectors are driving development across the metro area. Look for properties near expanding neighborhoods and commercial corridors where rents and resale potential are on the rise. Apart from Pittsburgh, there are other areas worth considering for homeownership. Working with local home builders like Olde Bulltown (oldebulltown.com) in Chester County, Pennsylvania, allows you to target specific regions. With steady cash flow and appreciation expected in this stable market, investing in properties in these areas can be a wise decision for millennials and families seeking better value and amenities.
East London
If there’s anything we know about London, it’s one of the best places to invest in when it comes to property. You can get a townhouse, either to live in yourself or, for a shared Airbnb Management Fee, turn into a prime area accommodation for tourists. While many are put off by the hefty outgoings that buying your first property here can ensue, there are schemes out there that allow you to cut the complications and get you onto the property ladder in a promising new area. Bow River Village is just one East London development along the river Bow that is a strong investment for the future. Located in the regen area of Bromley by Bow right on the river, this East London apartment complex is a sought-after spot for young professionals with seamless transport connections to the centre and the new amenities that make this a micro-city of its own. With many apartments under the Shared Ownership Scheme, meaning you can buy a share in the property rather than have to pay a deposit on the total value, Bow River Village is a real steal, especially for the first-time buyers among us.
Seattle, Washington
Seattle’s hot real estate market shows no signs of cooling down with its thriving tech sector and constrained housing supply. Rapid population growth coupled with geographic barriers to building makes the metro ripe for investment. Target neighborhoods undergoing transformation like Ballard, Fremont and West Seattle where demand exceeds inventory. Focus on condos, townhomes and multifamily rentals catering to the influx of young professionals flocking here for jobs. Leverage Airbnb rentals in trendy areas where tourism and business travel drive occupancy rates. Seattle offers savvy investors the rare combination of strong long-term fundamentals – economic and population growth – along with wealth creation opportunities from scarcity and gentrification.
Hampstead
If you’re contemplating a wise property investment, Hampstead beckons as an alluring choice uniquely tailored to your discerning taste. Its irresistible charm, merging historic allure, upscale ambiance, and proximity to central London, presents an opportunity unlike any other. The captivating surroundings, complemented by esteemed schools and cultural landmarks, create a magnetic pull specifically designed for families and astute buyers like yourself. Delve deeper, and you’ll find that the real estate market in this area boasts a commendable stability and appreciation potential, catering perfectly to your vision of long-term value. The affluent community, seamlessly connected by excellent transport links and embraced by the natural beauty of Hampstead Heath, further elevates the district’s allure. Amidst this promising landscape, the availability of beautiful family homes for sale in Hampstead stands as a beacon of possibility crafted just for you. This investment prospect not only promises luxurious living but also a cultural richness and the assurance of promising returns, positioning Hampstead as your ultimate destination, where the blend of quality of life and investment potential harmonizes seamlessly.
Charlotte, North Carolina
Charlotte real estate presents tremendous upside as one of the South’s fastest growing cities. Major corporations like Bank of America are headquartered here, with robust job creation fueling the market. Home prices are still relatively affordable compared to other metros, while rents continue rising with population gains. Target turnkey rental properties in hot areas like Uptown, Plaza Midwood, and South End to draw tenants. New construction and gentrification translate to sizable returns on investment. Focus on condos and townhomes which are in high demand with millennials and downsizing boomers. With diversified industries, an international airport, and desirable climate, Charlotte will see property values and investor interest climb over the next decade.
Hackney
While this corner of London has always been flocked to by artists and musicians alike it is the new regeneration of the area that is sending property prices into the heavens. Getting your hands on something quickly in the hotspot of Hackney Wick could be an unbeatable investment for 2021. With the 2012 Olympic Park enriching this area with fantastic sports facilities, landscaped spaces to enjoy the outdoors, and a whole host of restaurants and bars to feed all those post-workout tummy growls this is proving popular for young people looking to make a home for themselves in the metropolis but with a little more space and balance mixed in. With plenty of modern developments like The Refinery, East London living should definitely be on your watch list if not your wish list.
Hove
Described as the new Brighton and delivering on every front, especially the seafront, Hove is a seaside getaway that’s seen growing popularity. With many seaside activities from Wakeboarding to Waterskiing making this a top spot for tourists it’s no surprise many have decided to make properties available through Shared Ownership in Hove their home. But it’s the daily yoga at sunrise on the beach and the vegan cafes and forward-thinking business enterprises that are popping up all around this beachy paradise that is attracting a colourful community of work-from-homers, young entrepreneurs and just-starting-out families. So if you’re looking to put your money into something with a great view as well as a whole host of benefits to your life as well as your finances, Hove is one to watch out for.