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Demand for North East Property Doubles as Landlords Seek Higher Yields

The demand for investment properties in the North East of England has doubled over the course of the last 12 months, according to a new survey.

Landlords Turn to North East for Higher Returns

The demand for investment properties in the North East of England has doubled over the course of the last 12 months, according to a new survey.

19% of landlords operating in the North East have stated that they are looking to invest in new properties in the coming quarter – a significant increase from the 10% recorded a year ago.


In the survey conducted by the National Landlords Association (NLA), there was a shift towards the north, with significant increases in purchasing seen in both Yorkshire and the North West.


The NLA said that landlords are beginning to look to areas beyond London and the South East for purchase, with the lower upfront costs and potentially higher yields making the north more attractive to investors.


London has seen more cautious activity from landlords over the past year, with just 5% looking to extend their portfolios over the course of the next three months, falling from 15% at the start of 2016.


The city remains popular with tenants, achieving a 40% increase in tenant demand in the Greater London area. However, this figure excludes Central London, where rental properties are becoming increasingly unaffordable, according to the NLA.


The report from the NLA follows the announcement of new figures from property listing site Rightmove, which revealed that the largest rental growth in the UK was found in the north at the end of 2016.

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