It has been a rollercoaster of a year for buy-to-let landlords, but who have made the biggest jumps up the Index in 2017?
Hull has jumped from 99th position in November 2016 to 6th place in the latest index, a rise of 93 places. That’s quite the turnaround, from being on the cusp of the bottom 10 to one of the top performers!
What has influenced this move? Hull is the UK City of Culture for 2017 and has invested around £100m into its cultural infrastructure, ranging from building new entertainment venues to revitalising areas like the waterfront and fruit market. Add the appeal of a solid local university, and enormous firms like Siemens setting up in the city, and you can see why it has performed so strongly. With property prices incredibly affordable and huge levels of future investment planned, Hull is likely to remain a strong option for landlords for some time.
Cambridge is another town which has performed well, jumping 69 places in our rankings from 83 to 14 in the latest index. The fundamentals are very attractive for property investors here; not only does it boast a prestigious university and great transport links, but you also have the benefits of the city playing host to the big players in the biotech boom. That’s bringing further employment and investment into Cambridge.
Slough is the third best performing market. Now at #16, it has moved up 63 places from #79, thanks in no small part to having one of the largest growing capital gains rates in the country!
Check out how our Movers and Shakers measure against the rest of England and Wales in our latest quarterly BTL Index.