Luton Tops Buy To Let Investment Locations
The latest buy to let investment report from Lendinvest which looks at over a hundred locations has ranked Luton for the best return for the second year running. Luton has continued to see strong growth in both rent values and capital gains, making it a an ideal market for new investors.
Lendinvest's buy to let report, which ranks 105 postcode areas around England and Wales based on a combination of four critera, has been released. The criteria are capital value growth, transaction volumes, rental yield and rental price growth. The key findings from this quarter’s report are that Luton is again the location with the highest returns; Birmingham gives slightly higher returns than more fashionable Manchester; and that regional capitals Cambridge and Bristol are now amongst the top 10 locations.
Lendinvest state that “It’d be so easy to look at the underlying data that tells us transaction volumes are down and make dire predictions about the health and wealth of the rental market. Instead, what our index proves once again is that looking at one metric in the housing market is never enough. One metric on its own can’t clearly define the performance of a city’s property market” claims Ian Boden, sales director at LendInvest. “Each of the top performing buy to let locations this quarter is experiencing a slowdown in transactions - substantial falls in places, dips in others. But, the best places this quarter continue to outperform the competition well thanks to strong performances on other, equally important metrics like rental yield, capital gains and rental price growth” he adds.
Luton has come out top again for the second year running based on their metrics and sees the following positive increases:
Capital Gains 7.29%
Rental Price Growth 3.7%
Transaction Volume Change -6.15%
Lenwell’s flagship branch has been established in Luton for over 25 years and is brilliantly placed for getting your property let quickly. With a team of expert rental specialists and a large database of actively searching tenants we will ensure that your property is filled asap. Contact us today to discuss
For more information and to see the full top ten locations click here