Where to buy? Follow the hipster trail.

Yes, those guys with beards, skinny leg jeans and bicycles are pointing the way to the newest property hotspots.

Time was, if you wanted to get rich in a warm climate, you followed the backpackers and wherever they stayed, you bought land. And waited.

Today, you might look out for the 'hipster'. Despite being a group of people for whom being defined goes against the grain, there are certain shared characteristics which point to a lifestyle which property investors should take notice of.

Flat whites, vinyl records and fixed wheel bicyles are commonly used cliches but there is one important common theme. A liking for edgy, post industrial areas in and around Britain's city centres. These are the places where you will find street art, craft beer, quirky retailers and specialty restaurants and cafes. Add to that the high city centre rental prices and this way of life is not cheap.

Young urbanites tend to find these areas early - indeed, they create them. As these districts start to become established, warehouse conversions are followed by new build developments. Tech and creative companies take office space. Property prices rise, usually at a much higher pace than surrounding areas. Prices continue to rise as the area matures and land scarcity sets in, as was the case in Manchester's Northern Quarter.

Places where there is still a lot of upside growth for property investors include Birmingham's Digbeth, Baltic Triangle in Liverpool, Holbeck Urban Village in Leeds and Manchester's Ancoats.

If you look around these areas for a property, you may or may not find what you're looking for, but you will be able to enjoy a great cup of coffee.