A report on the buy-to-let market published by a specialist UK lender points towards continued growth in the sector and highlights a number of UK hotspots where investors currently see the greatest potential from property investment.
Of the 65 towns and cities in the report, the following 20 are listed as those where the
most profitable investments can often be found at present:
Aberdeen
Belfast
Bournemouth
Brighton/Hove
Dundee
Exeter
Glasgow
London
Middlesbrough
Newport
Nottingham
Peterborough
Preston
Sheffield
Southampton
Stoke
Sunderland
Swindon
Walsall
Watford
The lender said that “Investment in buy-to-let property has been particularly strong over the past six months. In the first half of this year, lenders advanced £17.5 billion on 152,500 buy-to-let mortgages, surpassing all records since the market took off ten years ago, Cities such as London are now back on the agenda for many property investors, as house prices have not risen as quickly here as they have in many other parts of thecountry over the past few years. The increase in people coming to work in the UK from other EU countries, coupledwith the growth of universities, has also helped to expand the number of tenants looking for properties, giving landlords new opportunities for profitable property investment.”
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