{"id":2414,"date":"2017-03-02T07:00:03","date_gmt":"2017-03-02T07:00:03","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2414"},"modified":"2023-09-28T15:12:17","modified_gmt":"2023-09-28T14:12:17","slug":"uk-regional-rental-prices-north-west-leading-way-yield-demand","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/uk-regional-rental-prices-north-west-leading-way-yield-demand\/","title":{"rendered":"UK regional rental prices: North West leading the way for yield and demand"},"content":{"rendered":"<p><strong>In 2016, London was the only region within the UK to not record a rise in asking rents. With the national average rising 3%, Yorkshire and Humber (4.5%) and the <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/08\/31\/north-west-home-entrepreneurs-small-businesses\/\" target=\"\" rel=\"noopener\">North West<\/a> (4.4%) overtook East of England as the best performing individual regions.<\/strong><\/p>\n<p>The top UK locations for rental properties on Rightmove, driven by tenants, is dominated by the north. Three <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/06\/manchester-property-prices-will-grow-28-2\/\" target=\"\" rel=\"noopener\">Greater Manchester<\/a> and Cheshire areas, namely Ashton-Under-Lyne, Oldham and Stockport, sit in the top five most highly demanded destinations outside of Greater London, accompanied by <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/31\/meet-property-hotspots-2017-manchester-birmingham-edinburgh\/\" target=\"\" rel=\"noopener\">Edinburgh<\/a> and Wellingborough, Northamptonshire.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"Xbmoczcg9l\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/12\/property-investment-england-focus-north-west\/\">Property Investment in England: Focus North West<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Property Investment in England: Focus North West&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/12\/property-investment-england-focus-north-west\/embed\/#?secret=TB824TGxpF#?secret=Xbmoczcg9l\" data-secret=\"Xbmoczcg9l\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>In <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/23\/broken-londons-house-prices-one-graph\/\" target=\"\" rel=\"noopener\">Greater London<\/a>, Rightmove noticed a trend in tenants looking to Outer London, in search for better value, with areas such as Rainham, Bexleyheath and Erith proving most popular. Outer London recorded a comparatively small 2.5% drop in rental values, considering the 5.2% drop suffered by Inner London landlords.<\/p>\n<p>Rightmove\u2019s Head of Lettings, Sam Mitchell, said \u201cif the tax changes being phased in from this April lead to even fewer buy-to-let purchases and some landlords deciding to sell, then a tightening of supply in some areas will lead to increasing rents. We forecast that asking rents could rise by 4% outside London by the end of 2017, although in London prices are likely to stay flat.\u201d<\/p>\n<p>https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/15\/60-buy-lets-bought-mortgage-free\/<\/p>\n<p>The report states that <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/08\/january-house-price-index-record-low-supply-presents-opportunity-buy-let-investor\/\" target=\"\" rel=\"noopener\">buy-to-let investors<\/a> looking to grow their portfolio should consider areas such as Merseyside and Lancashire for the best yields, and would be likely to achieve over 7% by acquiring properties that are suitable for families and young professionals who are looking for longer term contracts.<\/p>\n<p>Mitchell continues:<\/p>\n<blockquote><p>\u201cInvestors looking for the strongest yields could consider investing in certain areas in the North West where both demand and yields are high. Those with a number of properties in the capital may find that tenants are more price sensitive, so setting realistic rent levels will be the key to avoiding void periods.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>In 2016, London was the only region within the UK to not record a rise in asking rents. With the national average rising 3%, Yorkshire and Humber (4.5%) and the North West (4.4%) overtook East of England as the best performing individual regions. The top UK locations for rental properties on Rightmove, driven by tenants,<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/uk-regional-rental-prices-north-west-leading-way-yield-demand\/\" title=\"ReadUK regional rental prices: North West leading the way for yield and demand\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4483,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[42,6],"tags":[83,77],"class_list":["post-2414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regeneration","category-uk-housing-market","tag-investment-property","tag-manchester"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2414","targetHints":{"allow":["GET"]}}],"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=2414"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2414\/revisions"}],"predecessor-version":[{"id":6096540,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2414\/revisions\/6096540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4483"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=2414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=2414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=2414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}