New research has shown up the best UK locations for property investment, either for pure investment or buy to let.
Lettings platform Howsy, has looked at what UK locations are currently the best place to invest in bricks and mortar, and where is the best location to invest in a buy to let to combine the best of both worlds in tough market conditions.
They looked to find the UK locations with the best property value growth over the last year, where is home to the highest rental yields and where is the best option for a mix of both when investing on your doorstep.
Investment Property UK Locations
For pure property value growth, North Devon tops the table at 15 per cent growth year on year, followed by Merthyr Tydfil and Blaenau Gwent in Wales, both at 13 per cent, along with a third Welsh option in Caerphilly, up 11 per cent.
Camden is the best bet in London with house prices up 10 per cent in the last year, with West Devon, Forest Heath, Rochdale and Monmouthshire all up 9 per cent, and Trafford seeing annual growth of 8 per cent.
Buy to Let UK Locations
When it comes to current buy to let rental yields, the best UK locations list was topped by Glasgow, with a return at 7.5 per cent, with Scotland also accounting for the next best three in Midlothian (6.8 per cent), East Ayrshire (6.8 per cent) and West Dunbartonshire (6.7 per cent).
Burnley and Belfast are home to current yields of 6.5 per cent, while Inverclyde (6.4 per cent), Falkirk (6.3 per cent), the Western Isles (6.2 per cent) and Clackmannanshire (6.1 per cent) complete the top 10.
Founder and CEO of Howsy, Calum Brannan, commented: ‘The face of the lettings sector has changed quite considerably with the advent of technology-based solutions to traditional problems, and now even the most amateur of buy to let landlords can own a home on the other side of the UK and manage their investment efficiently and effectively.’
Source: Residential Landlord