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UK Buy-to-let hotspots enable investors to reap rewards outside the capital
December 17, 2014Article by Charlotte Ashton
New data released by HSBC has revealed the UK’s top ten hotspots for investing in buy-to-let property, based on rental yields. London was notably absent from the list, as HSBC’s head of mortgages Peter Dockar, explains,
“Landlords outside of London are reaping the benefit as young professionals say goodbye to capital living in favour of more affordable commuter towns.”
According to the HSBC figures, the top ten hotspots are:
1. Southampton 8.73 per cent
2. Manchester 7.98 per cent
3. Nottingham 7.67 per cent
4. Blackpool 7.63 per cent
5. Kingston upon Hull 7.47 per cent
6. Coventry 7.09 per cent
7. Oxford 7.02 per cent
8. Portsmouth 6.5 per cent
9. Liverpool 6.5 per cent
10. Cambridge 6.48 per cent
Ray Withers, Chief Executive of Property Frontiers, one of the UK’s leading specialists in buy-to-let properties, was delighted to see the HSBC rankings, commenting,
“With properties in three of the top ten locations, it has been apparent to Property Frontiers for some time that there are areas outside of the capital generating strong returns. For potential investors, it’s extremely useful to see this national picture enabling them to place opportunities in context and provide them with the information needed to make informed choices.”
Property Frontiers’ developments include a new project in Manchester that will be revealed in the New Year, a number of developments in Oxford and some fabulous new apartments in Liverpool.
In Oxford, both the Trinity Court site and Westbury Court (in nearby Bicester) are exciting investors with their affordable price points and strong expected yields, while Parker Street in Liverpool is also attracting considerable attention due to its assured yield for 5 years.
As with all Property Frontiers buy-to-let developments, the Oxford and Liverpool offerings have been carefully sourced in order to ensure that the properties have maximum appeal to tenants. Ideal for young professionals, they are located close to transport hubs and local amenities, combining easy commuter access with readily available leisure facilities.
The HSBC data, along with the plethora of other information that the Property Frontiers team compiles in order to identify where best to source the next buy-to-let development, will see the company announce further carefully selected investment opportunities over the course of 2015, starting with Manchester and focusing on the UK hotspots that will generate excellent returns for the company’s clients. It’s going to be an exciting year ahead!