Investors looking north for UK property

The north of England is poised to overtake the south as a location for property investments, according to a new survey of specialists.

Almost three-quarters (72 per cent) of exhibitors at the forthcoming Property Investor and Homebuyer Show North said they saw investors taking advantage of better buy-to-let opportunities in the north of the country.

They said that increased investment in infrastructure and regeneration meant the north was now a more attractive place to live, spurring an increase in demand for rental property.

Examples of investment cited include the anticipated move of the BBC to Manchester and Liverpool’s landing of the European Capital of Culture crown for 2008.

House prices are still significantly higher in the south, so it is understandable that investors looking for more UK property, as well as first-time buyers, should consider settling down in the north instead.

Nick Clark, managing director of the exhibition, said lower house prices joined “high demand from workers, tourists, students and immigrants” to create strong returns for landlords.

In spite of expected lower rents, he said there was therefore some justification in the belief that the north is in fact “the new south”.

The Property Investor and Homebuyer Show North takes place from June 2nd to 4th at the G-Mex in Manchester.

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