West is best for buy-to-let
According to the mortgage lender, Birmingham Midshires, four of the top five areas in the UK for investing in buy-to-let property are located in western areas of the British Isles.
For overall rate of return (including rental yields and capital appreciation) Bath and South-East Avon ranked first at 36.4%, closely followed by the only area outside of the west, Kent, at 34.4 %. The three remaining areas closing out the top five are Worcester (32.7%), Newport in Wales (28.4%) and Torbay on the south coast (27.2%).
Tim Hague, director of mortgages at Birmingham Midshires commented: "The buy-to-let market has experienced consistent growth over the last ten years. More and more people now see letting property as an achievable investment and an important part of a balanced investment portfolio."
The buy-to-let market is currently worth £84 billion.
For overall rate of return (including rental yields and capital appreciation) Bath and South-East Avon ranked first at 36.4%, closely followed by the only area outside of the west, Kent, at 34.4 %. The three remaining areas closing out the top five are Worcester (32.7%), Newport in Wales (28.4%) and Torbay on the south coast (27.2%).
Tim Hague, director of mortgages at Birmingham Midshires commented: "The buy-to-let market has experienced consistent growth over the last ten years. More and more people now see letting property as an achievable investment and an important part of a balanced investment portfolio."
The buy-to-let market is currently worth £84 billion.
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10:56 AM
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