Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 3 weeks ago 35
X1 The Gateway is situated right in the heart of Salford Quays, overlooking the area’s stunning waterfront and neighbours four incredibly successful sold-out projects.
The success of these highly sought-after developments is testament to the triumph of Salford Quays as a prime residential area. Since the creation of MediaCityUK (Europe’s leading digital hub), the city of Salford has seen an upsurge in businesses, young professionals and therefore demand for rental accommodation as more and more people are looking to live and work in such a vibrant area.
LSL reported that gross rental yields across the country stood at an average of 5.1% in April 2015, but over the same period investors into the North West received returns as high as 7.1%, which is 2% above the UK average. With an increasing number of people, in particular young professionals, flocking away from the extremely high property and rental prices in London, the North West of the country is seeing an increase in businesses relocating, an ever-growing population size and a property market that is more buoyant than ever before.Savvy investors are aware that market conditions in this part of the country are incredibly favourable, especially in the wake of increasing investment into regeneration projects such as the £1bn Manchester Devolution Deal and the HS2 High Speed Rail Network, making the North West an excellent location for buy-to-let
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