Recent data produced by ARLA shows that house prices in North West England, especially in Manchester are delivering the highest rental returns in the UK, which have remained steady at 6% and above over the last 6 months.
So What Does This Mean For Investors?
“The sales market is extremely buoyant again here in the in the City Centre. Property sales are definitely on the increase. There is a real shortage of new property coming onto the market causing a pent up rental demand which is great news for our clients.”
“We are now seeing a lot of investors coming back into the market. The investments they made 5-10 years ago are now starting to pay dividends. Rents have increased by 20% in the last 3 years alone and investors have the confidence to start purchasing again”
With interest rates still at a record low, this makes it an excellent time to buy.
“We are now seeing the once moth-balled developments being restarted as funding for developers has eased. Demand is certainly much stronger. This is also being helped by more buy to let mortgage products being available. Rightmove have also recently reported a 5.7% price rise for city centre flats over the last 12 months.”
Which Are The Best Areas To Invest In?
If you are looking for a great location that offers an excellent Return-On-Investment [ROI] then we certainly would recommend looking more closely at our latest City Centre developments.
We have recently secured an excellent buy to let opportunity in Manchester on the waterfront, within walking distance of the city centre. The development provides a collection of apartments and townhouses, starting from only £94,995, with assured rental returns of 6%.
For more information about the latest property investment deals from Mayweather Estates, be sure to register your interest here today. Alternatively feel free to contact one of our investment specialists on 0161 212 7414.