West is best for buy-to-let

26 September 2006
According to the findings of Birmingham Midshires, the top five areas of the UK to invest in buy-to-let property include four in the western areas of the British Isles.

For overall rate of return (including rental yields and capital appreciation) Bath and South-East Avon ranked first at 36.4 per cent, closely followed by the only area outside of the west, Kent, at 34.4 per cent.

The three remaining areas closing out the top five are Worcester (32.7 per cent), Newport in Wales (28.4 per cent) and Torbay on the south coast (27.2 per cent).

Tim Hague, director of mortgages at Birmingham Midshires commented: "The buy-to-let market has experienced consistent growth over the last ten years.

Research shows that buy-to-let investors plan to stay in the market for an average of seventeen years and when you consider the potential returns from both the rental yields and capital appreciation, it's easy to see why.

"More and more people now see letting property as an achievable investment and an important part of a balanced investment portfolio," Mr Hague concluded.

To read more about buy-to-let property and applying for a mortgage, click here.

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