{"id":17305,"date":"2018-06-06T09:30:20","date_gmt":"2018-06-06T08:30:20","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=17305"},"modified":"2018-06-06T09:30:20","modified_gmt":"2018-06-06T08:30:20","slug":"manchester-named-the-best-place-to-be-a-landlord-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/06\/06\/manchester-named-the-best-place-to-be-a-landlord-in-the-uk\/","title":{"rendered":"Manchester named the best place to be a landlord in the UK"},"content":{"rendered":"

If you’re looking to invest in buy-to-let property in the UK, it’s worth knowing that Manchester has just been listed as the top place to be a landlord – pushing London into second place.<\/strong><\/p>\n

Online comparison portal GoCompare has compiled a list ranking the UK’s cities in terms of owning and running a buy-to-let investment, and Manchester<\/a> has taken the number one spot as the best place to be a landlord.<\/p>\n

The figures have been compiled using a number of measures – average property price<\/a>, average yield<\/a>, population under 35<\/a>, number of properties available, number of letting\/management agencies, number of new housing<\/a> developments, properties currently available to rent, and rental price growth – in order to list 31 UK cities from best to worst.<\/p>\n

Manchester’s low average property prices of \u00a3173,381, according to GoCompare, combined with excellent yields of an average 5.5%, contributed to its top position, along with the city’s impressive rental price growth of 5.76%. The number of new housing developments<\/a> was also fairly high at 689, while there are more than 322,000 under-35s currently living in the city<\/a> – many of whom will be privately renting tenants.<\/p>\n

The runners up<\/h4>\n

London was ranked number two on the list, with average yields coming in at 3.05%, but high house prices<\/a> potentially holding the market back with an average of \u00a3484,173 being paid for a home. The pool of potential renters in the capital is high, with almost 4.5 million under-35s, while there are 919 new developments and 50,728 properties currently available to rent. However, rental growth there is currently in the negative at -1.12%.
\n[crb_image link=”https:\/\/www.buyassociationgroup.com\/en-gb\/advice\/property-investment-starter-course\/” image=”https:\/\/cdn2.hubspot.net\/hubfs\/1717782\/Asset_Store\/WebCTA\/cta.jpg” align=”left”]
\nOther cities that made it into the top 10 were Nottingham (4.46% yield), Liverpool<\/a> (5.05% yield), Leicester (3.94% yield), Birmingham\u00a0<\/a> (4.61% yield) and Cardiff (4.78% yield).<\/p>\n

Belfast took bottom place on the list, where yields were fairly strong at 4.26%, but the city was held back by other factors including a short supply of available properties for sale (123) and just 12 properties currently available to rent according to GoCompare, with rental price growth of 2.19%. Oxford, Brighton and Southampton also languished at the bottom of the rankings. See the full list here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you’re looking to invest in buy-to-let property in the UK, it’s worth knowing that Manchester has just been listed as the top place to be a landlord – pushing London into second place. Online comparison portal GoCompare has compiled a list ranking the UK’s cities in terms of owning and running a buy-to-let investment,… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4442,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,349,42,6],"tags":[15,77,341],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/17305"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=17305"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/17305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4442"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=17305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=17305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=17305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}