Now is the time to invest in property in Newcastle and the North East of England.
Interest rates are low compared to previous years, and rental demand is high, with more affordable buy-to-let mortgages emerging every week.
Whilst property in the rest of the country is subject to inflated prices, for example in London yield is down by up to 3%, university cities, especially those in the North, can offer investors far better returns. In central Newcastle upon Tyne and its suburbs, returns can be up to 9%, compared to an average 6% nationwide and even lower in London.
More and more investors, both private and institutional, are looking outside of London and towards the Regional cities, which boast strong Universities and growing local economies. With Newcastle boasting strong graduate retention figures the Private Rented Sector is showing the strain, presenting excellent opportunities for investors and developers alike.
Along with a progressive attitude and diverse appeal across the sectors, Newcastle is quickly becoming a hotspot for regional residential development and investment.