Where are the most attractive cities for Buy-To-Let properties in 2020?

A study conducted by landlord insurance provider Simply Business has the answer.


When it comes to investing in property, being able to critically analyse an area to establish a key series of facts is important. This doesn’t just boil down to rental figures and what you can achieve from capital gains, but it goes down to factors such as the environment, transport links and crime rates. Buy-to-let properties in undesirable areas is a destined to failure strategy.

A new study however carried out by landlord insurance provider Simply Business has lifted the lid on where landlords expect the buy-to-let successes to emerge from this year.

Manchester and London have both tied at the top of the results when asked which city represented the best investment opportunity for landlords.

Strengthened by its strong student population and growing employment opportunities (particularly within the media scene), Manchester’s buy-to-let market is a valuable and proven field to invest in, while London appears to offer room for capital growth after property prices dipped in the capital by an average of 1.8% in 2019.

The research also suggests that landlords believe buy-to-let prosperity will be well spread across the UK’s regions in 2020.

Liverpool and Birmingham came in as joint second with both cities securing 10% of the vote among landlords when considering where their next investment in 2020 lies.

 

Manchester with its continuous growth in employment opportunities is where landlords believe the best investments lie for 2020.

 

The top 10 cities that landlords feel offer the best investment opportunities in 2020: 

1.     London and Manchester (joint first)

2.     Birmingham and Liverpool (joint second)

3.     Edinburgh

4.     Bristol

5.     Leeds

6.     Oxford

7.     Glasgow

8.     Cardiff

9.     Southampton

10.   Sheffield

Bea Montoya, chief operating officer at Simply Business, said: “Buy-to-let landlords are crucial to the UK economy, contributing a combined £16.1bn through pre-tax spending.

“The sector also now houses 20% of British households and has a huge presence up and down the country, so it’s wholly encouraging that landlords view a broad spread of regions as attractive areas to invest this year.

“London usually comes out on top for being the most expensive city to invest in property in the UK, but falling house prices are making it an attractive place to invest once again.

“We know a quarter of landlords are planning to sell at least one property this year, largely due to government reform and tax changes, so it’s reassuring to see that landlords are still eying up investment opportunities up and down the country.”

A hands-off property investment is the ideal strategy for many landlords and investors across the country; ensuring you are in full control of your time whilst your cash and property does all the hard work for you. As a leading Manchester letting agent, we can help capitalise on the growing success of Manchester as a buy-to-let hotspot, and are more than happy to help you in succeeding with your property investments. Simply get in touch on 0161 883 2525.

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