As one of the market leading Lettings Agents in Oxfordshire, it was no suprise to us at Chancellors to hear that Oxford has once again been recognised in a national report. This time the city has been highlighted as the best UK city for buy to let property investment, according to the latest Buy to Let City Tracker from banking company Aldermore.
The buy to let city tracker was determined by analysing and assessing five key indicators that impact desirability;
- average total rent
- the best short-term returns through yield
- long-term return through house price growth over the past ten years
- the lowest number of vacancies as a proportion of total housing stock, and
- percentage of the city population in the rental market.
Oxford leads the way ahead of 25 other cities analysed by the tracker. London lies in fourth place.
The South East is the best region for buy to let investment with three cities making the top ten; Oxford (1st), Brighton (9th), and Milton Keynes (10th).
Director of mortgages at Aldermore, Damian Thompson, said: “Aldermore’s Buy to Let City Tracker shows there are still great short- and long-term investment opportunities for landlords.
“The number of people renting in the UK has been rapidly growing, up 1.7m in ten years, so private landlords are an increasingly central part of the housing market as supporting a robust and strong private rented sector becomes more essential.
Carl Jeffries, Area Associate Director Oxford City Lettings, Chancellors concluded, “This report clearly highlights what we have seen in Oxford over the last year. Demand for rental accomodation is increasing and this demand is being met by an increase in first time and portfolio landlords looking to make buy-to-let purchases across the city – from East Oxford to Botley. If you’re looking for more information on the Oxford letting market, we have investor specialists in each one of our branches, so please do get in touch if you are thinking of investing, or contact us for a no obligation, FREE Valuation.”
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