UCB offers UK buy-to-let update

Investors tempted to buy property overseas may be interested in the snapshot of the current UK buy-to-let market provided by UCB Home Loans, subsidiary of Nationwide.

Significantly few of the major English cities were singled out, with the top locations for investors proving to be in Wales and Northern Ireland.

The buy-to-let market looks particularly strong in Swansea, where the area around the docks is enjoying regeneration, while Belfast in Northern Ireland is also doing a roaring trade. An increase in the number of overseas workers is leading to higher demand for rental property in areas such as Cookstown and Craigavon.

In England, Bristol and Peterborough are both proving popular, while Colchester and Chelmsford in Essex are benefiting from strong public transport links to and from London.

However, rental returns in other large English cities were found to be rather static, with mixed levels of interest amid pressure on rental yields.

In the capital it is East London seeing the most buy-to-let interest, with investors tempted by the prospect of demand for property in the run-up to the 2012 Olympics.

Many overseas property markets are also performing well however, including traditional locations such as France and Spain, but also eastern European countries such as Bulgaria and Romania, both waiting to join the European Union.

The full version of UCB’s buy-to-let report will be available at the end of the month.

Stay abreast of the latest developments in property abroad by checking the news at <A href=” https://www.homesgofast.com/uk/index.php”> homesgofast.com. </A>

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