Despite financial uncertainty following Brexit, the North of England buy-to-let property market is looking strong, says a buy-to-let property expert.
According to an August 2016 article that appeared at LandlordNews.co.uk, Sequre Property Investment, a Manchester buy to let agency, reports that it had a 12% increase in their property investment sales in July 2016 when compared to June 2016.
The doubling of property in MediaCity UK in Salford, and the proposed Owen Street skyscraper, are examples of major Manchester property developments that demonstrate this city’s confidence in the property market.
The managing director of Sequre, Graham Davidson, said
“Bricks and mortar remain one of the most rewarding investment choices, as increased volatility in the stock market means that tangible assets are now more important than ever.”
He said that the media have focused their reporting on London and the South, where the property market has slowed down. Davidson said that the level of capital growth from Northern properties was much higher than in London.
Another sign of the booming Northern property market is an August 2016 report from the website Property Partner, which said that some of the best returns for buy-to-let landlords are student accommodation in northern university cities.
In particular, the North East cities of Sunderland, Middlesbrough and Newcastle were named among the best cities for student buy-to-let investors.
Investors often choose to purchase properties with commercial mortgages arranged through a mortgage broker, who may be able to access rates not available on the open market.