New research has revealed that the North West is the highest yielding region for Buy to Let properties.
According to data from Zoopla and the Land Registry, Manchester, Liverpool, Cardiff, Coventry and Oldham come out top for rental yields, and therefore the North West remains the most lucrative area in the UK for the Buy to Let market
However, London and the South East still lead the way for house price growth and therefore capital gains. For example Inner London takes only 18th place for rental yield, but claims first position for capital gains.
This could all change though, if as forecast the growth in house prices in the South East areas slow down and as the new Buy to Let Stamp Duty rises take effect, property investors may start to look at other areas to buy property.
Christian Faes, CEO of LendInvest said 2016 could be the year of the rise of the ‘cross-country landlord’- a professional landlord who lives in one city and rents out houses in another, and this could have a significant effect on the North West. As landlords in Inner London areas find their tax payments under the new system makes letting their properties unsustainable they could look with more interest at properties in the North West.
The above data and information was taken from a report produced by Lendinvest
Peter Robinson & Co is an Oldham based company who can help anyone looking to Buy to Let around the North West.
With Peter Robinson & Co Property Investors will benefit from 30 years of experience dealing with Professional Landlords, Builders, Property Investors and Property Dealers. They are on the Panel of every mainstream Bank and Building Society in England and Wales and have extensive contacts with Lenders and Independent Financial Advisors, Mortgage Brokers and Advisors, nationally.
Property Professionals, Investors, Builders and Property Dealers both large and small entrust Peter Robinson & Co. with their property dealings because in addition to their friendly, qualified staff providing a professional conveyancing service they are aware of our clients and their individual requirements for case progression in these challenging commercial times.
Peter Robinson & Co. to discuss all aspects of Buy to Let. Call us on 0161 678 7996