No party gains a majority in the LendInvest Buy-to-Let Index Top 10

• Luton reclaims top spot from Romford, which falls to tenth place in latest BTL Index
• Top 10 is evenly split between Conservative and Labour voting postcodes
• Suburban South East of England continues to dominate Top 10
• Inner London market continues to underperform

LendInvest, the UK’s online marketplace for property lending and investing, has released its latest quarterly Buy-to-Let Index report with a special feature marking the general election.

The LendInvest BTL Index ranks each postcode area around England and Wales based on a combination of four critical metrics: capital value growth, transaction volumes, rental yield and rental price growth.

Key findings for June 2017

• Luton in North West London takes top spot
• Previous table-topper Romford drops to tenth due to a 2.13% decrease in capital gains and falling rental yields
• Manchester breaks into the Top 10 following impressive rental price growth
• Clear correlation in high capital gains towns voting Conservative and areas with high rental yields voting Labour

Christian Faes, Co-Founder and CEO of LendInvest, said: “Against a backdrop of all the political upheaval the country has endured in the last quarter, it isn’t surprising to see some significant changes in the performance of postcodes against one another. We’ve seen last quarter’s top performing postcode, Romford, fall nine places; while Manchester – unofficial home of the Northern Powerhouse – ascended to the Top 10 for the first time.

“These shifts, however, are more isolated than systemic and the fact that there has not been a greater shakeup in the Top 10 buy-to-let postcodes signals the durability and resilience of the UK property market.”

Note to Editors:

• Full PDF report available here
• Embeddable map showing postcode areas around England and Wales can be downloaded from here
• Data sources: Land Registry, Zoopla
• Full underlying data available on request