Pro-Brexit towns considered best landlord investment

Pro-Brexit towns considered best landlord investment




Eighteen of the top 20 local authority districts for rental yield voted to leave the European Union, according to the latest LendInvest Buy-To-Let Index..

The online property investment business has released quarterly reports comparing the rental yield and capital gains of areas across England and Wales since 2010.

However, in this edition, LendInvest has included a comparison to show how rental yields and capital gains differ between local authority districts in England that voted to ‘Remain’ and those that voted ‘Leave’ in the EU referendum.

The index found that Manchester and Liverpool were the only two local authority districts ranked in the top 20 for rental yield to vote Remain.

In regards to capital gains, Barking & Dagenham and Spelthorne, Surrey, were the only two districts ranked in the top 20 for capital gains to vote Leave.

Christian Faes, co-founder and CEO of LendInvest, said: “It’s very interesting that the top districts for rental yield, which are often found in the North East and North West, voted so overwhelmingly for Brexit.

“The areas that have seen the best of the recent boom times have generally enjoyed the biggest house price rises, and with that offered the greatest capital gains.

“Perhaps it is no surprise that they were sufficiently content with the status quo to vote Remain.

“Areas which have seen far more modest house price rises appear to have been more disposed to voting for the change promised by Brexit.

“Brexit may create opportunities for property investors, particularly professional and experienced ones.

“House prices are expected to soften, so some would-be buyers may put off buying.

“But they still need somewhere to live, which is good news for landlords.

“What’s more, if house prices do cool as predicted, then investing in property will become even more enticing.”

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