Investors turn to regional UK markets

– Regional UK cities make up 4 of 10 most popular listings in March

– Lifestyle buyers return to Spain

– UK PRS and hotel sector boosted by economic recovery

Leicester, UK, one of many regional property hotspots attracting investors from London Photo: jeremySO

Investors are bidding farewell to London and turning to regional UK markets, new research from TheMoveChannel.com reveals. The portal’s latest Investment Watch report shows that the UK’s regional cities are becoming increasingly sought- after.

In September 2014, London dominated activity on TheMoveChannel.com, thanks to an affordable property fund offering a fixed return of 32 per cent on real estate in the city. Six months later, the Investment Watch chart is full of regional hotspots, as buyers turn away from the cooling capital.

A buy to let opportunity in Liverpool attracted the second highest number of enquiries last month, offering 10 per cent rental income for a £45,000 investment. This was typical of buyer behaviour in March, with four of the 10 listings located in regional cities.

Student property in Leicester also advertised 10 per cent NET for 10 years on a £49,950 stake, enough to earn the fourth highest number of enquiries. The hotel sector is also in demand, with a property in Llandudno, Wales, receiving the 10th biggest response, while another in North Dakota, boosted by the oil boom, sparked the sixth biggest reaction.

Budget continues to be a major factor in investments: nine of March’s Top 10 listings all priced under £100,000. Indeed, agriculture and car parks proved popular, thanks to advertised high returns and entry costs of less than £35,000. The only exception to this rule was a buy to let opportunity in Manchester, offering 7 per cent on £101,000, with a 50 per cent mortgage available.

TheMoveChannel.com Director Dan Johnson comments: “The UK property market has enjoyed strong, rapid growth in the past 18 months. While a lack of supply is hindering traditional buyers, conditions within the private rented sector are ideal for landlords, thanks to low mortgage rates and high demand from tenants.

“Away from London, where high prices reduce the potential rental yield, buy to let is now a major driver of activity on TheMoveChannel.com, with hotspots such as Liverpool and Manchester already delivering on the promise of a northern powerhouse ahead of HS2 and HS3. Hotels are enjoying the benefits of strong demand and an improving regional economy too and their hands-off management make them particularly attractive to investors.”

Lifestyle buyers also continued their return to European markets in March, focusing primarily on Spain: Spanish property made up two of the month’s Top 10 listings, including the La Manga resort in Murcia (third most popular) and repossessed homes across the country (ninth most popular).

Johnson adds: “With low prices, sunny weather and the pound at a seven-year high against the euro, Spanish property has rarely been more popular. It is testament to the appeal of Spain’s housing market that it is one of the few countries outside of the UK to appear in TheMoveChannel.com’s Top 10 March listings.”

 

Notes to Editors

About Lead Galaxy and TheMoveChannel.com

Founded in 1999, www.TheMoveChannel.com is the leading independent website for international property, with more than 800,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.

The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.
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