Lomond’s Quarterly Insight for the start of 2024 suggests a more confident housing market as buyers and sellers anticipate a cut in interest rates. The upcoming General Election is also causing less uncertainty than usual as sentiment conveys this one is a ‘foregone conclusion’.
The report’s regional breakdown also gives an interesting snapshot of the North West property investment market.
According to Lomond’s regional experts, they have experienced a 50% rise in investor activity this year compared to last year in the North West. They have observed some smaller portfolio landlords exiting the sector, but these investors have been replaced by increased activity from larger landlords or investors working to expand their property portfolio.
Investors are being lured back into the North West market thanks to the good deals available and potential yields of over 8%, but it is still important to carefully choose the investment location. It is also projected that rents and capital values will continue increasing in the medium and long term.
Learn More: Read the RWinvest buy-to-let property guide to learn more about stamp duty on buy-to-let.
