Property Development: The UK’s Best Locations in Which to Purchase Buy-to-Let Properties

ProAktive www.selfbuildinsure.co.uk Property Development The UK's Best Locations in Which to Purchase Buy-to-Let Properties A recent study of 2,000 landlords by the National Residential Landlords' Association found that on a national basis, most landlords had seen an increase in demand for rental property. It also revealed that in the third quarter of 2020, 16% of landlords said they were planning to buy a property in the next year, up from 13% during the same period last year. Separate research from estate agent Hamptons found that landlords made up 15% of buyers in November, the highest level since December 2016. Liverpool Hull In recent years, many property Hull has come a long way since being named Britain's "crappiest town" back in 2003 in a book about the worst investors have flocked to Liverpool and with good reason, says Richard Hayes, CEO of mortgage broker Mojo Mortgages. places to live in the UK. It has been on an upward "Liverpool is extremely popular for property investors. It's a thriving city and has big trajectory since 2012 when German engineering giant Siemens was granted permission to build a wind turbine factory there, which opened in 2016. plans for the future." Those big plans include Liverpool Waters, a £5.5bn 60-hectare regeneration The city's tourism industry has also been on the up thanks to project, a new cruise ship terminal and a proposed new Hull being named the UK City waterfront stadium for of Culture in 2017. Everton Football Club as well Despite these and other positive developments for the city, house prices remain extremely affordable. as talks underway about high-speed rail links with other northern cities. Manchester London In recent years, there has been a much-reported shift away from London towards The latest Rightmove data shows that London is the only region of the country where rents are falling, with Inner Manchester among foreign investors and it would seem London rents down 6.8% they might be onto something. year-on-year in the third quarter of this year. Manchester was ranked the In certain areas the price of flats is falling, with many flat owners struggling to sell as buyers are increasingly focused on outside space. best city for buy-to-let investors by Aldermore's Buy to Let City Tracker, released in 00 November. The bank compared 50 cities across the UK, rating them according to five criteria: average total rent, yield, house price growth over the past However, for brave investors who are in it for the long term, this could present an opportunity, particularly with the spectre of a Capital Gains Tax rise on the horizon decade, number of vacancies as a proportion of total housing stock and percentage pushing many investors with big gains to sell up. of the population in the rental market. ProAktive Self Build Developer ProAktive has been providing excellent insurance products for over 30 years. We are backed by Aviva, one of the world's largest insurers. In addition to our specialised self build developer insurance, we are sure you'll appreciate our swift handling of claims, easy-to-read documentation and helpful customer service. To find out more information please visit: www.selfbuildinsure.co.uk/developer-insurance ProAktive Doncaster: 01302 346 831 | Follow us O00 www.selfbuildinsure.co.uk