PROPERTY news is high on the agenda for buy to let landlords looking to cash in on their portfolio. Which are the best UK towns for buy to let investment?
The best UK towns for buy to let investment have been pinpointed in a new study. Those looking to profit in the rental market may want to consider these findings.
According to insurance provider Simply Business, London and Manchester yield the best results for landlords, according to the study.
Simply Business asked landlords to vote on their top places to invest.
Over a third of landlords (36 percent) voted for London or Manchester.
Bea Montoya, chief operating officer at Simply Business, told Property Wire: “Buy-to-let landlords are crucial to the UK economy, contributing a combined £16.1bn through pre-tax spending.
The sector also now houses 20 percent of British households and has a huge presence up and down the country, so it’s wholly encouraging that landlords view a broad spread of regions as attractive areas to invest this year.
“London usually comes out on top for being the most expensive city to invest in property in the UK, but falling house prices are making it an attractive place to invest once again.
“We know a quarter of landlords are planning to sell at least one property this year, largely due to government reform and tax changes, so it’s reassuring to see that landlords are still eying up investment opportunities up and down the country.”
After London and Manchester, landlords voted for Liverpool and Birmingham.
Best UK towns to invest in buy to let, according to landlords
Most Britons have a large portion of their assets wrapped up in property. As such, the outcome of Brexit and the impact on the housing market is on the minds of money.
What will Brexit do to house prices? Could Britons lose money from their property investments?
In the wake of the landslide Tory general election victory, the housing market has been trending upwards.
New data from Rightmove shows that UK property asking prices have increased by 2.3 percent since the general election.
Data compiled for The Sunday Times Home showed that in 52 percent of postcodes in England and Wales had seen a post-election surge in buyer demand, which has been named the so-called Boris bounce.
Miles Shipside, director and housing-market analyst for the property portal Rightmove said: “These statistics seem to indicate that many buyers and sellers feel that the election result gives a window of stability.
“The housing market dislikes uncertainty, and the unsettled political outlook over the last three and a half years since the EU referendum caused some potential home-movers to hesitate.
“There now seems to be a release of this pent-up demand, which suggests we are in store for an active spring market.”
Source: The Express