“Price is what you pay – Value is what you get” Investing in the Cornish property market offers numerous advantages, with the following key areas making it a highly appealing choice for investors, not to mention it boasts many areas of outstanding natural beauty, golden sandy beaches, and a spectacular rugged coastline, all mixed up with a vibrant distinct local culture.
Long-Term Capital Growth: The Cornish property market has a strong track record of delivering consistent and prosperous capital growth, averaging between 4% to 6% annually. Even during housing market downturns, properties in Cornwall continue to perform well, providing stability and value appreciation for investors and property owners. High Demand for Rental Properties: The demand for rental properties in Cornwall, especially 2 to 3 bedroom houses is significantly higher than the supply available. This imbalance presents an excellent opportunity for buy-to-let investors to capitalize on the red-hot rental market. Terraced, semi-detached, and detached properties are particularly sought-after and make ideal investment options. Holiday Honey Pot: Cornwall's appeal as a premier choice for 'staycationers' and holidaymakers seeking a warmer climate and beach culture contributes to a thriving holiday rental market. The popularity of the region is expected to grow further, leading to increased demand for holiday accommodation and subsequently driving up capital appreciation with lucrative returns. Notably, honey pot towns like Falmouth, St Ives, and Padstow are highly sought-after locations for holiday rentals. Strong HMO Sector: Cornwall boasts a robust House of Multiple Occupancy (HMO) sector, especially in towns like Falmouth. The presence of Falmouth University, young professionals, the HMS naval base, and a large commercial shipyard, creates a steady demand for rental properties suited to multiple occupants. Excellent Transport Links: Cornwall offers reliable and easy access transport links, which enhance its appeal to both residents and tourists. The newly upgraded A30 facilitates smooth travel in and out of Cornwall, connecting to the M5 at Exeter. An extensive bus system provides convenient local transportation, while the main train line linking Penzance, Bristol, and London offers accessibility to major cities. Additionally, Newquay airport provides flights to various UK cities and international destinations, facilitating easy travel and increasing the region's desirability. In conclusion, investing in the Cornish property market presents a compelling proposition, with the potential for long-term capital growth, high rental demand, popularity as a staycation destination, a strong HMO sector, and excellent transport connectivity adding to its allure for both investors and property owners. |
Why Property?Why is property investment one of the most sound, safe and wealth building mechanisms known to man? Let talk about the magic of property investment and why it is such a great asset class.
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