Property in the North West is highly investable.

Recent findings by HSBC reveal that Manchester has the 7th fastest growing rental yields in the UK and Manchester, Blackpool and Liverpool all made it onto the top 10 list of buy-to-let hotspots according to rental yield. Blackpool was found to be the seaside town with the best rental yields in the UK (7.81% before tax).

According to research conducted in 2014, almost two-thirds of investors in Northern properties are from the South East, with over a third from Greater London. Many Northern cities offer lucrative investment opportunities, with average gross yields in Manchester being twice as high as those in London. With doubt over the stability of the London market, investors are turning their gaze northwards to further expand their portfolios and benefit from the better rental yields Northern cities currently have to offer.

National and international investors have poured more than £2.1bn into the North West economy this year alone. Overseas investors invested £354.4m into the property market in 2014, and this accounted for a tenth of all overseas investment during this year. Mark Ellis, the MD of SME Real Estate for Lloyds Bank Commercial Banking, has noted how the North West has been incredibly strong in recent years and that investment in the region will only continue to increase, as the North West is “still edging past its pre-crisis peak”.

With the North West viewed as a stable and resilient hub for property investment, and the consequent lure of international finance to the area, it only looks as if a positive feedback loop will ensue within the market, further benefiting the region.

Blackpool has a great deal to offer, with its famous Pleasure Beach theme park offering a plethora of fun activities for all ages, attractions such as the Blackpool Tower, with its daunting SkyWalk, and some of the best fisheries in the country. The city has undergone a recent renaissance of sorts, with promenade improvements, the Talbot Gateway regeneration scheme and a flurry of boutique hotels having cropped up in the area. It is now an up-and-coming area for families and young couples.

Whether you are looking for a family home or a buy-to-let investment, the North West is currently high on the list of places to invest in on the UK property market, and only looks set to improve.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More