Property News > London and Manchester revealed as biggest buy- to-let hotspots

London and Manchester revealed as biggest buy- to-let hotspots

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.

Related Articles

Authorities have received nearly 40,000 retrospective planning applications in three years

Almost 40,000 retrospective planning applications have been submitted to various authorities for developments over the past three years, according to research by ChurchillHome Insurance.Local authorities have a right to request ...
View >>

£1.2bn worth of deposits not covered by tenancy deposit schemes

Deposits worth a combined total of £1.2bn are currently not protected by tenancy deposit schemes, according to analysis from Hamilton Fraser’s deposit replacement provider Ome.The Center for Economics and Business ...
View >>

Brexit clarity will help property market bounce back in 2020, claims property chief

2020 will see the UK housing market return to prosperity now that some of the Brexituncertainty has disappeared.That’s the opinion held by Simon Lyons, chief executive of property development andinvestment ...
View >>

Need Help?

Thank you. We will give you a call back as soon as possible!
Name *
Email *
Phone *
When would you like a callback? *