Manchester, Liverpool, Leeds and Newcastle have been featured in a recent IP Global report on the hottest investment property locations.
The list of most popular property investment locations which habitually includes Berlin, Bangkok and Lisbon has included new entries featuring England’s Northern Powerhouse, says IP Global’s latest quarterly Global Real Estate Outlook.
Manchester, Leeds and Liverpool are joining ranks with Berlin and Frankfurt as investors are attracted by good yields and steady growth.
Manchester is a leader with average yields in the city currently around 7%. Manchester properties are at an average £182,630, which is a 10.4% rise over the past year according to the figures. The demand for properties is growing thanks to rising working age population and a high number of students’ retention.
Liverpool has seen a positive revival recently with substantial investments coming into the city which resulted in the good economic growth.
Rental yields on average have been 6.2%, with house prices rising 14% over the last three years.
IP Global is underlying a massive housing shortage in Leeds: there is an urgent demand for 90,000 units by 2021, but only 60,000 are planned for development.
“With willing renters and buyers and an economy which, according to Cambridge economics, is well-placed to grow and showing all signs of a strong future, the only element missing is supply.”
Newcastle was also featured in the report with the number of rental properties coming on the market having increased by almost 60%.
“The trend of Northern Powerhouse growth shows no signs of slowing with increased investment in vital services and infrastructure continuing to appeal to individual property investors from all over the world.”
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