19 Apr

UK rental hotspots revealed

UK rental hotspots revealed

Southampton has been revealed as the top rental hotspot in the UK for investors, with landlords in the Hampshire city able to bring in the best yields.

The results of a new survey from HSBC have shown that landlords putting their money into buy-to-let homes in the city are able to bring in rental yields of 7.82 per cent on average, which outstrips even the likes of London.

Other cities that featured high on the list included Hull, Manchester and Nottingham, which performed well thanks to affordable house prices and high demand from potential tenants.

Holiday destinations were also great investments for buyers, with seasonal high income boosting the return for the likes of Blackpool and other coastal towns.

Peter Dockar, head of mortgages at HSBC, said: "Buy to let remains a good investment for those looking for above average returns. Twenty-three of the top 50 areas offer yields above five per cent, significantly more than is available from more traditional savings options."ADNFCR-1222-ID-801574179-ADNFCR

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