Revealed – the best UK cities for landlords to invest in
Manchester is the best city for landlords to invest in with Glasgow, Coventry, Wigan and Bristol making up the top five.
Buy to let lender Aldermore has analysed five key indicators that impact buy to let desirability – average total rent, the best short-term returns through yield, long-term return through house price growth over the past decade, the lowest number of vacancies as a proportion of total housing stock, and the percentage of the city’s population in the rental market.
With the best long term property price rises of all the cities (6.5% annual growth), Manchester offers the prospect of significant appreciation with landlords benefiting not only from rental income but also from the rising value of their investment over time.Manchester also has a healthy market of tenants, with 32% of locals being private renters compared to the national average of 23%.
A surprise this year comes from Wigan, which has jumped to 4th place up from 25th the year before. This was due to the city having one of the lowest proportions of vacant properties (0.6%), driving annual property price growth over the last decade (5.4%). This makes it a safer bet for landlords, even if the total return is lower.
Read the full article at Landlord Today
