18 Apr

Investors encouraged to opt for strong regions

Investors encouraged to opt for strong regions

New research has discovered the top locations for buy-to-let investors to ensure strong yields.

Property lender Kuflink has identified a number of regions that over good rents but affordable prices for those looking to invest in the property market.

Despite Brexit property investment across large parts of the UK remains upbeat and average rental yields have stayed appealing since the start of the year in 34 out of 50 locations.

There has been some slowdown in house price growth but prices have remained strong, with Swansea seeing the largest increase in average property prices, followed by Milton Keynes.

The research concluded the so-called Northern Powerhouse could be a good option for investors, with yields of 7.08 per cent in Salford, 5.96 per cent in Leeds and 5.79 per cent in Manchester.

Other potential areas that could appeal to landlords including Coventry, Belfast, Portsmouth, Birmingham, Edinburgh, Durham and Fife in Scotland.

Researchers also identified areas that offered weaker returns that may not offer the right investment option, such as Cambridge, York, Chester, Derby, Wigan and Carlisle.

According to Tarlochan Garcha, Kuflink chief executive officer, said: "The Northern Powerhouse is leading the way, while London falls by the wayside, as rents fail to keep up with rocketing house prices. The stability of both house prices and rents is a positive sign for buy to let investors, proving the strength of the UK’s property market."ADNFCR-1222-ID-801834771-ADNFCR

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