2015 TOP BUY-TO-LET
SPOTS IN BRITAIN
AR YE DS
NEW TREN
NEW
Nationwide property bosses unanimously
predict 2015 to be a bumper year for the housing
market in the North East with a hoard of new
buyers. Property prices in the region are
expected to potentially rise by a whopping 10%
in 2015
.
Experts share the view that the exceptional
performance of North East’s buy-to-let property
market can be attributed the recent reforms in
pension and stamp duty policies bringing a
bounty of potential buyers to the regional
housing market.
The 2014 budget proposed certain pension changes that allow savers
the liberties of availing their retirement funds as a lump sum and as a
result enable them to become pros pective property owners and buy-tolet investors.
While a sudden surge in purchasers may lead to a rise in property prices,
a change in stamp duty is expected to make home buying cheaper and
more accessible to the masses in North East. The region is speculated to
witness a double-digit house price growth, with rents soaring by 6% in
the next five years.
Owing to their promising turn of property events, investors looking into
buying property to rent; are strongly advised to consider Southampton,
Manchester, Nottingham, Birmingham, Kent and Merseyside, while
avoiding London’s prime postcodes for substantial yields.
While commuter belts to
the east and west of the
capital rule as
unchallenged yield
hotspots, key areas of
Greater London currently
return a meagre yield of
less than 4% on average.
According to research
from HSBC, “Southampton
took the top spot for the
highest rents for buy-to-let
investors, while in second
place was Manchester at
7.98% followed by
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