A property firm specialising in buy-to-let investment says that despite the negative headlines surrounding Britain's impending exit from the EU, the property market in the North of England is in 'good health'.
Sequre Property Investment has reported a 12% increase in sales during July when compared to the previous month, as well as a 5% uplift in enquiries.
The firm says that a raft of forthcoming housing, retail and commercial development projects show that it's business as usual in Manchester and other key northern markets.
This includes the recently announced doubling in size of MediaCityUK, the thriving media hub located in Salford to the west of Manchester city centre, plus the proposed 64 storey Owen Street skyscraper, which is set to rival the Beetham Tower.
“The reasons for investing in property remain the same – whether looking to generate additional income to top up your pension or investing in your children’s future,” says Graham Davidson, managing director of Sequre.
“Bricks and mortar remains 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 claims the media has been focusing too rigidly on London and the south, where the property market was already slowing down before June's Brexit vote.
“In the north, there are still excellent opportunities,” says Davidson.
“With entry prices as low as £75,000 for a one-bedroom apartment, strong capital growth can still be attained – the likes of which is simply now unattainable in the capital.”
Today, property crowdfunding website Property Partner has revealed that northern cities provide the best returns for buy-to-let landlords looking to purchase student property. The North East performed particularly well, with Sunderland, Middlesbrough and Newcastle all finishing in the top eight.