What Type of Area is Most Popular?

When it comes to properties asking what type of area is popular is like asking how long is a piece of string. Basically there is no right or wrong answer. Everyone has different tastes and different opinions and what is one persons dream area could be a nightmare for another. It all depends who is going to be living in the house and of course how much you have got to spend.

The Least Popular Areas

It is much easier to rule out the areas that will be least popular to live in. This is the simple part. Inner city, rougher areas will not be as attractive to buyers or renters as those a little more developed. However that’s not to say that buying a property in these areas in fruitless. Indeed if you bought the property and did it up there would be some buyers who’d price range would suit the property.

These areas have inhabitants now so even renting out a house in one of these areas is bound to be achievable, especially given the current housing shortage.

But profitability wise, it is the more upmarket areas that will sell better or give you a better return on rent. But upmarket is the only classification, everything else about these areas can be completely different.

All Areas Have a Market

Waterfront apartments in classy blocks are attractive to young professionals with money to spend on property or those wanting a city crash pad. Indeed these flats can make quite a return for the original buyer.

Larger properties in suburban areas do well with families who are wanting something a little quieter than the chaotic city life. Professionals who have had children and want more space and a quiter area for the children to grow up often favour suburban properties.

The aspirational TV programmes about starting new lives in the country has meant many people now want to live the dream out in the countryside so converted barns and big old farmhouses, with a bit of work, can sell very well. These properties are also popular with older couples and families who have had enough of city life and want somewhere more enjoyable to retire.

There is a market for all areas and the buyer should be able to make a decent return as long as he or she does their research and decides what kind of tenants or buyers they will be aiming the property at. It is also wise, if you plan to sell on the property, to consider where to advertise or auction it. There is no point advertising a two bedroom dockside apartment on the London docks in a sleepy village in the countryside. Know your market and you could make a hefty profit.

If you are moving into the property yourself don’t think of it so much of an investment but more of the fact it is your family home. Where do you want to live? How do you feel about the area? You’re the one who is going to be living there after all.