Manchester heads a newly published league table of buy to let locations in England and Wales. The latest LendInvest report shows Manchester buy to let landlords enjoyed the highest yield and rental price growth in the country.
The quarterly report ranks the 105 postcodes in England and Wales. The index takes into account four factors; capital gains, transaction volumes, rental yield, and rental price growth.
The good news for Manchester landlords and those looking to get into the market is that the city sits in first place for overall performance. As well as being top of the aggregated league table Manchester sits in top-spot for yield (5.55%) and rental price growth (5.76%).
All of which paints a very rosy picture for Manchester's buy to let landlords. As well as the short term income boost the long-term looks good too. Manchester landlords saw a healthy 8.34% return on capital gains on their buy to let property investments.
Manchester is one of only two northern cities in the top ten with Hull being the other. It takes over from Luton as the best buy to let city in the UK.
"The Manchester market has continued to climb up the LendInvest BTL Index hitting the top spot this quarter after ranking third in September’s Index and eighth in June.
"Manchester continues to rank highest for yields and also takes top-spot in the Index for rental price growth. The strength of the rental market in Manchester plays a huge role in maintaining attractive yields, particularly in light of strong capital growth in the market."
LendInvest also says Manchester's performance shows the north is becoming an excellent option for buy to let landlords. Certainly, if you are looking to invest in property or want to increase your portfolio Manchester is the obvious choice.
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