The South East of England has overtaken London as the region with the most buy-to-let purchases in a calendar year, buy-to-let broker Commercial Trust has found.
The South East of England has overtaken London as the region with the most buy-to-let purchases in a calendar year, buy-to-let broker Commercial Trust has found.
The region accounted for 16.51% of buy-to-let property purchases, an increase of 1.68% year-on-year.
London has fallen to second with 12.84% of purchases, a reduction of 5.79% from 2017.
Coming in third was the North West (12.54%), followed by the East of England (11.62%).
Andrew Turner, chief executive at Commercial Trust Limited, said: “These figures back up the general consensus that investors are looking to invest outside of London, at present.
“The North West and North East are proving to be increasingly popular, typically offering cheaper house prices and better rental yields.
“However, it is also interesting to see the continued growth in the South East, which is prime commuter-belt for the capital.
“With a multitude of transport and infrastructure projects underway in and around London, it will be interesting to see if this trend continues.”
