It is not as if we need many reasons or excuses to praise the North over London but when it comes to the buy to let market, investors should consider Manchester and surrounding areas like Stockport. Even though there have been various reports saying that first-time buyers are increasing in the current marketplace, it is still difficult for many people to buy property. Therefore, the rental market remains an important feature of the UK property market.

The London property market has become such a challenge, riddled with uncertainty, that it is considerably less appealing to investors. It is understandable that London is the epicentre of life for many people but if you are looking at value for money, there is an ever-increasing argument that value is found away from the capital.

At Spencer Harvey, we have witnessed considerable changes in the Stockport area, making it an area that is well worth considering. With simple connections to London and Manchester, Stockport is a location that buy to investors would be smart consider.

Greater Manchester returns looking more attractive than London options

A study has tipped rents to increase by 7% in London over the next five years but for the Greater Manchester area, the forecasted increase stands at 15%. This should ensure that savvy investors and smart professionals consider the north-west of the country as a suitable location to invest money. This part of England is becoming an increasingly attractive destination for property investment with the Greater Manchester area experiencing a notable boom.

Stockport and Greater Manchester is well located

Manchester Airport is deemed to be one of the most important transport hubs in the country and Stockport is handily located for the airport. There is also the fact that the proposed HS2 travel plans will further reduce the travel time to and from the capital which means that investors can retain their homes in or around the capital while still making it to their investment properties with a minimum of time and effort.

All these aspects, not to mention the educational institutions and emerging industries to be found in Manchester, has helped to make Stockport a destination that investors, tenants and landlords can all benefit from. Value for money is different for everyone but compared to the English capital, Stockport has a lot to offer.

If you are keen to stay in touch with property market developments including the buy to let market, it makes sense to stay in touch with the local experts. As Stockport property specialists, we are here to make a difference. If you are looking for assistance in this area, give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk. For a free valuation please visit: https://www.spencerharvey.co.uk/valuation-enquiry.htm