Analysis of ONS data by Designs on Property shows that rents in the North West are growing below the inflation rate.
North West business is still going strong despite rents growing slower than the English average.
Analysis of ONS data by Designs on Property shows that rents in the North West are growing below the inflation rate.
However Aaron Strutt, PR and communications director at Trinity Financial, said the mortgage broker is still receiving high levels of buy-to-let business in those regions.
He said: “Manchester has been a lot more popular with clients.
“We’ve spoken to landlords buying in Manchester, Liverpool and Birmingham because they’re looking to alternative places to London and the South East because it’s cheaper and the rent offers better returns.”
The consensus is that investors who already know the North East market can still spot good opportunities, however those from the South may find it tougher.
Kate Faulkner of Designs on Property said: “The North West house price forecasts over the next five years are the strongest for the UK. Not only is the economy performing well, but affordability is such that people can afford to pay more for a property versus areas in the South.
“Areas such as Liverpool may carry on see some price growth, but Manchester and Warrington, which have performed well price-wise recently, may have peaked.”
