Best Buy-to-Let Locations in the UK for 2024
Investing in buy-to-let properties can yield significant returns if you choose the right location. Here are some of the top regions and cities in the UK for buy-to-let investments in 2024, based on rental yields:
Top Regions for Property Investment Rental Yields
North East:
Average gross yield: 7.65%
Average monthly rent: £695
Average property price: £109,072
Scotland:
Average gross yield: 7.48%
Renfrewshire offers the highest yield at 9.56%
North West:
Average gross yield: 6.66%
Burnley stands out with an 8.40% yield
Notable Cities with High Yields
Edinburgh: 6.03%
Leicester: 5.77%
Bristol: 5.66%
Brighton: 5.39%
London: 4.95%
Regional Highlights
Wales:
Average yield: 6.43%
Blaenau Gwent: 7.58%
West Midlands:
Average yield: 5.95%
Stoke-on-Trent: 7.72%
East Midlands:
Nottingham: 7.27%
Market Outlook
While rental growth has slowed to +7.8% annually, demand remains high with over 15 enquiries per rental property. Zoopla projects rental inflation around +5% over 2024, with house prices expected to stay relatively stable, potentially increasing gross rental yields.
Conclusion
For investors seeking high returns, regions like the North East, Scotland, and the North West present lucrative opportunities. Cities such as Edinburgh and Leicester also offer promising yields. It’s crucial to consider both gross and net rental yields for a comprehensive understanding of potential returns after costs.
For more details, visit Zoopla.
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