City tops the list due to strong rental returns and growth followed by London, Liverpool, Nottingham and Leicester
Price comparison website GoCompare has revealed its list of the best cities in the UK to be a landlord.
The results are determined by metrics including a city’s average price of property, average yields/rental returns, population under 35, and rental price growth, with 31 cities ranked in total.
According to the research, Manchester is the best location for landlords to invest in, with the strongest average returns (5.55%) and rental growth (5.76%), whilst almost 60% of the population is under 35-years old.
London, Liverpool, Nottingham and Leicester complete the top 5. Just three southern cities, including the capital, featured in the top 20 overall.
Ranked by returns, Sunderland is the next highest ranked city with 5.37%, followed by Liverpool (5.05%), Glasgow (5.02%), and Cardiff (4.78%). London was the lowest ranking city for rental returns at 3.05%.
After Manchester, the best rates of rental growth were in the cities of Leicester (5.30%), Cardiff (5%), Brighton (4.61%) and Swansea (4.47%), according to GoCompare's index.
Demand for privately rented properties continues to increase, as the number of new prospective tenants registered with lettings agents rose by 9% in April.