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North East Offers Opportunities For Buy To Let Investors
Properties in the North East are offering a huge double-digit rise in rental returns for landlords, providing opportunities for property investment.
'Unprecedented' demand for rental accommodation in the region has seen a 20 per cent increase in rental rates this year alone in the region, according to Property Frontiers.
Liverpool in particular has emerged as a key destination, particularly in the centre as more young professionals and students arrive in the city.
Ray Withers, director of Property Frontiers, said those in the buy-to-let market are now experiencing "some of the highest monthly returns on record".
"Big rental returns from UK property have alerted overseas investors to the UK, attracted not only to a solid market from which to reap weighty returns, but also a safe and reliable place to invest," he added.
Recent figures from Knight Frank highlighted a 27 per cent increase in residential rents since 2009, with the market now close to hitting its 2008 peak.
Partner Gary Hall said a conservative estimate is for a four per cent increase next year, with a five per cent rise in the four years after that.
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Article date: 11/17/2011 12:00:00 AM