Revealed: The UK’s best buy-to-let areas

Revealed: The UK’s best buy-to-let areas

0:06 AM, 25th January 2023, About A year ago 3

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Landlord insurance provider Simply Business has researched the buy-to-let areas that are most popular with landlords.

It says that London is still the best city for buy-to-let landlords for the second year running.

The firm says that more than 39,000 BTL insurance policies have been taken out in the capital.

Birmingham and Manchester continue to be popular with landlords for the second year in the row taking the second and third place spots in both 2021 and 2022.

Other cities in high demand from landlords

The city of Bristol has increased its appeal over the past year, moving it up the rankings from sixth in 2021 to fourth in 2022, replacing Glasgow, where buy-to-let policies have declined over the past two years.

Nottingham, Edinburgh, Liverpool, Leeds and Leicester are other locations that were discovered to be in high demand by landlords; all of these cities also made the top 10 list in 2021.

Letting property is still a worthwhile investment

Alan Thomas, the chief executive at Simply Business said: “The private rental sector houses over 17% of British households, with landlords taking on capital risk to provide the product of housing to those who otherwise might not be able to afford it.”

He added: “Though London remains unrivalled for its demand for buy-to-let properties, we are seeing northern cities including Liverpool and Leeds come into the top 10.

“It is wholly encouraging that our data shows that landlords view a broad spread of regions as attractive areas to invest this year.”

A recent report by Simply Business also found that almost half (45%) of landlords still think that letting property is still a worthwhile investment, and one in five (23%) landlords are planning to buy another property in 2023.

Top 10 cities for buy-to-let properties in 2022 according to policy data from Simply Business:

  1. London
  2. Birmingham
  3. Manchester
  4. Bristol
  5. Nottingham
  6. Glasgow
  7. Edinburgh
  8. Liverpool
  9. Leeds
  10. Leicester

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Mick Roberts

11:27 AM, 25th January 2023, About A year ago

Nottingham great for rents if you come in new, don't know the tenant, so have no loyalties, can charge market rent & make a profit.
Nottingham bad for admin with Selective Licensing, but if you getting the high rents now within Nottingham, this offsets the Imbecile Council's ways.

David Morgan

9:01 AM, 30th January 2023, About A year ago

Good day to all the readers. I have to ask how these cities are worked out to be the best. Is it just the city or the city and surrounding areas. I have property in Portsmouth, Bournemouth, Wrexham and Treorchy the town that was voted as the best town in UK . I have several business financial services, estate agency and construction company. All the ares I have spoken about are all good money making Ares with mostly good tenants but Treorchy has a difference as it is a valley area where you can't expand. Demand is very high and most people there live there because there family are there. Most properties rented by us have a guarantor so your rent money will be paid on time. The difference is that most areas of the UK city's are so big that tenants don't have to look after the houses so leave the properties in a bad state with debt's to the landlord. This has not been mentioned by the people that have written this article. Rent smart Wales has mad sure your agency has a money protection scheme not yet implement in England so be careful of rogue estate or management companies. Hope all this helps you all

Reluctant Landlord

14:17 PM, 30th January 2023, About A year ago

NOT in proposed SL areas of Bham for sure!

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