Landlords have named London and Manchester as the cities they see as most attractive
when it comes to potential buy-to-let investments in 2020.
Indeed, the figures released by insurance provider Simply Business show that either London or Manchester was voted for by some 36% as the best place to invest, despite London’s house prices falling by 1.8 in 2019.
However, a strong student population and rapidly-developing media sector is what helps to
make Manchester particularly attractive for buy-to-let investors.
Bea Montoya, chief operating officer at Simply Business, said: “Buy-to-let landlords are
crucial to the UK economy, contributing a combined £16.1bn through pre-tax spending.
“The sector also now houses 20% of British households and has a huge presence up and
down the country, so it’s wholly encouraging that landlords view a broad spread of regions
as attractive areas to invest this year.
“London usually comes out on top for being the most expensive city to invest in property in
the UK, but falling house prices are making it an attractive place to invest once again.
“We know a quarter of landlords are planning to sell at least one property this year, largely
due to government reform and tax changes, so it’s reassuring to see that landlords are still
eyeing up investment opportunities up and down the country.”
Following London and Manchester were Liverpool and Birmingham, while the cities of
Edinburgh, Bristol, Leeds, Oxford, Glasgow and Cardiff made up the top ten.