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TODAY'S OTHER NEWS

Northern investment broadens as Stockport enters Top 10

LendInvest has released the latest LendInvest Buy-to-Let Index report.

The LendInvest BTL Index is published quarterly and ranks 105 postcode areas around England and Wales based on four critical metrics: capital value growth, transaction volumes, rental yield and rental price growth.

Colchester topped the charts once again as the number one spot for buy-to-let investment, while Stockport overtook regional leader Manchester (3rd) and Leeds followed in 11th place, highlighting the growing scope of investment opportunity in the North.

Midlands and Central England postcodes climbed the table as Wolverhampton and Peterborough broke into the top 10 (7th and 8th respectively).

South eastern cities, meanwhile, lost momentum as long-term table-topper Luton fell into 10th place.

Ian Boden, sales director at LendInvest, said: “As we edge towards the new year, and subsequently the date we are due to leave the EU, all investor’s eyes are on the performance of the UK property market. This is a time where our data is our best ally in making the right choices for long term investment.”

“Looking towards the centre of the UK, Midlands cities Wolverhampton and Peterborough have smashed into the Top 10, joining successful regional capital Birmingham. The growing opportunity for BTL investors in these regions reflects a knock-on effect of investment in these key cities,” he added.

“Locking down a solid prediction of how the landscape will look into the New Year is no easy task. In this instance, we know it is best to let the data do the talking.”

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