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Why invest in the North East

WHY INVEST IN THE NORTH EAST Its the fastest growing region in the UK The growth is being fueled by the demand from property developers and investors who see long-term potential in the area's property prices and increasing job opportunities, productivity, and 3.3% income. 3.3% Annual Growth Rate outpacing London and the South East Region. THE MOST AFFORDABLE PLACE TO PURCHASE PROPERTY IN THE UK While growth is steady, prices are still very low. The average price of existing houses is GBP125,000, which is nearly half that of London. It makes owning property affordable for many people who want to build their wealth through rental income. Low capital costs mean high yield investments of at least 10% per annum for would-be landlords. In 2019, the North East region showed the highest increase in rental yields when compared to the rest of the UK, with about 6.1 to 6.3% growth versus the previous year. AVERAGE HOUSE PRICE OF £125,000 THERE IS A GROWING DEMAND FOR RENTAL PROPERTIES +17% IN DEMAND FOR PROPERTIES TO RENT IN 2019 www.readylet.co.uk

Why invest in the North East

shared by readyletmarketing on Aug 01
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A few quick facts on why you should invest in property in the North East of England

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ReadyLet

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Economy
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