According to the reports by Knighht Knox International, a leading property firm, the buy-to-let property boom is here for the long haul as shown on this article by lep.co.uk on August 22, 2013.
The buy-to-let property boom is here for the long haul, reports leading property firm Knight Knox International.
The North West is one of the best-perfoming areas, with
Manchester and Liverpool particularly buoyant, latest figures show. More
purpose-built student accommodation has been heralded as the answer to
an increasing demand for rental stock.
The number of first-time
buyers in England has now fallen to 200,000 per year, a staggering drop
from 600,000 in 1999 according to Jones Lang La Salle.
Although
rewards are strong for landlords investing in the buy-to-let market
across the country, LSL confirmed in their buy-to-let index for April
2013 that rewards were in fact the strongest in the North West, where
yields were highest.
The index documents that the North West produced yields of 7.2 per cent, topping London’s 5 per cent.
The average North West rent was £568, outshining the average rents of near counterparts Yorkshire and the North-East.
Article Source: http://www.lep.co.uk/news/business/region-s-buy-to-let-property-boom-will-last-1-5976941
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