The UK's top buy-to-let neighbourhoods for 2023

Mar 18, 2023

by Admin

 Where in the UK might you earn enticing returns in 2023? For landlords, purchasing real estate in the correct areas is essential.

Continue reading to learn which towns and localities are most popular with real estate investors and where first-time landlords are purchasing properties.

Where in the UK are the finest places to invest in real estate?

Manchester is at the top due to its long-term real estate expansion (annual average of 5.6%) and high renter demand, with 31% of residents renting privately.

After finishing sixth and first in 2022, London and Bristol are now placed second and third, respectively. Milton Keynes and Peterborough jumped 28 and 11 spots, respectively, to enter the top 10. This is partly because commuting traffic in the areas has increased since the pandemic, and Essex cities Southend, Basildon, and Chelmsford have performed well. Likewise, the proximity of these regions to London may account for the notable declines in Northampton, Leicester, and Derby, three Midlands cities. Nonetheless, Birmingham and Nottingham's positions rose by eight and nine spots, respectively.

Top 10 buy-to-let areas in the UK

These regions are home to renowned universities. A common choice for new landlords is to rent to students because of the cheaper acquisition prices, yearly demand, and potential for high rental yields.

• Glasgow
• Leeds
• Bristol
• Edinburgh
• Hull

The kind of rental property you have will probably influence the kind of tenants it draws.

For example, houses could be more popular with families, while flats may appeal to young professionals, and bungalows could be more ideal for older renters.

London was the most popular location for apartments in the UK, followed by Glasgow, Edinburgh, and Aberdeen in Scotland, and Manchester to round out the top five. 

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