The latest quarterly Buy-to-Let Index from LendInvest shows just how opportunities for buy to let investors are improving in the north of the country.
The index, which ranks 105 postcode areas across England and Wales based on a combination of four metrics: capital value growth, transaction volumes, rental yields and rent price growth, demonstrates the picture is looking healthy in northern regions, while cities in the South East are losing momentum.
Colchester came out top, while the big winner this quarter was Stockport, jumping a massive 18 places to take the number 2 slot. Manchester continued to drive the growth in the north west coming in at number 3, and has enabled neighbouring regions, such as Stockport, to cash in on this success.
Central regions also did well, with Birmingham at 4, Coventry and Wolverhampton at 6 & 7 respectively and Peterborough coming in at 8. Enfield and long term table leader Luton, come in at 9 and 10, showing the slow down in the South East.
Other northern regions showing growth included Leeds and Harrogate, which just missed the top ten, but moved up to 12 and 19 respectively.
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