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The buy-to-let business has definitely got harder. But \u2013 and this may appear controversial \u2013 before recent Government changes, it was perhaps a little too easy. With few barriers and high returns, the sector was attractive to some people who didn\u2019t have the skills, the attitude or the responsible approach that being a landlord demands. Now making money through property is more of a challenge, investors have to take it seriously. Like it or not, we\u2019re moving to a more professional approach to portfolios and their management.<\/p>\n
And the good news is that if you are prepared to do your homework, making good returns is still very possible. Regular surveys are published which show the locations around the country that are bucking the trends \u2013 the shining stars and those places where the returns are not what they once were. This information should always be evaluated in the light of the investor\u2019s ambitions. Is capital growth or rental yield a priority? What are returns like when compared to other investment opportunities? What\u2019s the duration of the investment?<\/p>\n
The most recent surveys name Manchester as a real hotspot for property investment. Anyone who knows the city, or who has visited in recent years, will be well aware of the building boom that\u2019s in progress. The concept of the Northern Powerhouse and the influence of a directly elected Mayor are important factors driving growth. There\u2019s international interest too, with China\u2019s Juwai portal showing that enquiries about the city\u2019s opportunities are up over 250 percent on 2017 levels.<\/p>\n
In Manchester, monthly rents might not reach the heights of London, but the rental yields are better and averaging 5.5%. In a city where average property prices remain far below those in the capital, barriers to entry are lower and prospects for capital growth are looking good. \u00a0The city\u2019s population is growing and demand for property is high.\u00a0 LendInvest data suggests that those who invest in Manchester property could see returns a whopping 67 percent higher than they could achieve in London.<\/p>\n
As always, do your homework \u2013\u00a0 some postcodes are shining more brightly than others \u2013 and think about your market. But if you\u2019re looking to build or grow a portfolio, then Manchester may just be the place. See you there?<\/p>\n","protected":false},"excerpt":{"rendered":"
The buy-to-let business has definitely got harder. But \u2013 and this may appear controversial \u2013 before recent Government changes, it was perhaps a little too easy. With few barriers and high returns, the sector was attractive to some people who didn\u2019t have the skills, the attitude or the responsible approach that being a landlord […]<\/p>\n","protected":false},"author":2,"featured_media":4850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,1],"tags":[],"yoast_head":"\n