The UK economy is expected to develop significantly this year, in part because of the Prime Minister and Chancellor's more stable leadership. As a result, investors and people who want to safeguard and grow their wealth are finding the property market even more appealing.

Here at Compare Yields, we’re finding the number enquiries from first time investors increasing as more people look to capitalise on the strength of the UK property market. As you might imagine, one of the first questions we get asked is the typical minimum budget and investor would need to start building a portfolio.

To decern this answer, we need to consider two potential routes to investing. Firstly, we have your typical mortgage route, which will see an investor pay a minimum 10% deposit on the required property. If your starting budget is modest, looking into a mortgage and/or smaller houses that may need some renovation may be the best course of action.

Even while mortgages are undoubtedly a choice, buying off-plan property is one of the best investments because it is considerably simpler to do so.

Purchasing properties off-the-plan is an alternative for people wishing to make cash investments. This basically means buying the home before it is finished, giving you the opportunity to own a brand new property at a discounted rate. The benefit of this is that the property’s value typically rises before construction is finished, meaning that you have already profited from the value of the property.

Furthermore, off-plan homes are more likely to be located in crowded, well-liked parts of cities and towns, where there is a continually high demand for good rental revenue.

It’s worth remembering, off-plan homes are typically state-of-the-art and of very high quality, which in the long run will deliver a better return than you might expect from an aging pre-existing development.

Here at Compare Yields we have a variety of developments with prices starting as low as £78,000 for individuals interested in student housing, while our residential apartments start at around £115,000.

For more information on each of these projects, get in touch with a member of the Compare Yields team today.