The latest data from Rightmove suggests that the North West of England is set to be one of the UK’s buy-to-let hotspots this year.
The figures show that the North West offers almost double-digit rental returns, particularly in areas such as Liverpool. In fact, Liverpool could potentially offer annual yields of around 10 – 13% for investors, especially in areas where demand from students is high and supply is low, which is the case in Liverpool.
Liverpool is one of the cities included in the Northern Powerhouse concept – a plan the government hope will turn the North of England into an economic force that can rival London. This being said, a growing economy, exceptional transport links, and a rising population makes the North West an excellent place to live and invest.
Manchester has been at the top of the property investment hotspot list in recent times, and as reported back in April, it was top of LendInvest’s buy-to-let index. And, in a recent YouGov survey, Manchester overtook Birmingham as the public’s top choice to be the UK’s second city.
It’s affordable and has four universities – two of which are amongst the largest in the country – meaning demand for accommodation is high. Many graduates are staying on in the city to build a career, fuelled by the attraction of MediaCityUK and the Spinningfields business district and leisure hub.
Buy-to-let opportunities in the North West
Kingsley Hamilton Estates offer an extensive collection of new homes in the North West, ranging from developments in the heart of Salford’s MediaCityUK to stunning riverside apartments in Liverpool.
One of the developments causing a stir amongst investors is Rivergate House in Manchester, which is home to a beautiful collection of waterfront apartments, just minutes from Spinningfields.
This isn’t all – check out our collection of new homes in the North of England here.
Looking for property in the North West of England? Call the Kingsley Hamilton Estates team today to find out about the latest buy-to-let opportunities on 020 7078 0214, or email firstname.lastname@example.org and one of the team will be in touch shortly.