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A stark North-South divide has opened up in the buy-to-let market as soaring property prices have made the South an unprofitable option for landlords, a study has claimed.
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Out of 100 British towns and cities, the ten best buy-to-let locations are all in the North, while the ten worst are in the South, according to the data from property investment marketplace Property Partner.
Stoke-on-Trent is the UK’s leading buy-to-let hotspot, with the best combination of house prices, local salaries and rental returns, the research claims.Investors can enter the buy-to-let market more easily if their income is relatively high compared to local property prices, and will earn a stronger rate of income return if those properties command high levels of rent relative to their price.In the South, high demand has pushed up prices, resulting in high capital requirements to enter the market and weaker rental yields.Plentyoffish is 100% Free, unlike paid dating sites.You will get more interest and responses here than all paid dating sites combined! Find event listings and line ups, venue details, ticket information, nearby hotels and restaurants - all the essential information in one place!