With house prices below the national average and rental yields remaining strong, Northern Ireland is quickly becoming one of the most attractive places to build a strong Buy to Let portfolio.
Recent research has shown that the average home in Northern Ireland is 44.26% lower in price than the average home in England, making the region a prime option for both First Time Buyers and property investors/landlords.
Significant rental yields have also been encouraging landlord and investors to expand, with Belfast offering the best rental yield in the region.
And simultaneously, while yields are high for landlords, rental payments are comparatively low for prospective tenants when compared to built-up areas in England.
Belfast leads the rental market
In Northern Ireland, Belfast is leading the region with the best rental yield at 6.1%. Furthermore, the capital city is being rapidly upgraded with more than £1,000,000,000 (£1 billion) in projects to help transform the city.
Furthermore, a growing student population is helping to drive rental demand across the city.
Following closely behind Belfast for the second best rental yield in the region is Derry/Londonderry, with the UK City of Culture 2013 continuing to develop as a significant cultural and tourist area for Northern Ireland.
Rental yields for investors have been strong in the city, standing at an attractive 4.3%.
Ready to invest? Explore your Buy to Let mortgage options by speaking with an expert financial adviser.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Reeds Rains E-marketing Executive
