Property Demand Has Shifted To The North-West

Published: 25th January 2017

The demand for property is continuing to decline in areas such as London, with areas in the North-West becoming an extremely popular area to invest in. Statistics have shown only 5% of investors, which have already made an investment in London, will continue to add to their portfolio over the next quarter. This has resulted in the reduction reaching a staggering 15% over the past year, with it being the lowest recorded percentage across all regions in the country.

Rightmove has suggested certain areas in the North-West of England offers the best yields and are therefore extremely highly demanded. With more investors looking in the North-West, areas such as Yorkshire has seen a 6% increase and the North-East doubled to 19% in the past year.

Manchester has seen the highest yields in the country which has resulted in the area undergoing a supply to demand imbalance. Statistics have suggested a staggering 4,000 new build-to-rent units are needed each year to accommodate the imbalance. However, there is only approximately 1,417 annual units set to come over the next eight years.

If you would like more information on investment opportunities in the North-West email, enquiries@pureinvestor.co.uk for your free online information pack. Or call 0161 337 3890 to speak to a member of our consultancy team.

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