The leading UK online property lending and investing business have published data that shows that our cathedral city is popular with buy-to-let investors
The city of Lincoln, home of Pygott & Crone’s flagship branch, has this week emerged as one of the most popular places in the country for buy-to-let investors. LendInvest, the country’s leading online property lending and investing business have published a national index of data reviewing rental yields across the UK.
This data mirrors our own figures from Q3 (July-September 2016) showing a 50% increase in buyer registration – with a significant proportion comprised of investors from outside the county. Activity in the buy-to-let market has undoubtledly been boosted despite Brexit backlash and southern-based investors, who account for 30% of new buyer registrations, are clearly looking to benefit from the 13.3% increase in rental yields.
More than 20% of offers on properties in the last quarter have been from buyers outside the city
It’s no surprise that Lincoln has been named in the top ten buy-to-let hotspots this week. More than 20% of offers on properties in the last quarter have been from buyers outside the city and buy-to-let enquiries are growing, making up almost a third of all new buyer registrations.
The city’s rental yields have seen an increase thanks to ongoing investment in the city’s tourist attractions and historic Bailgate area, a thriving University and growing economy. Lincoln and its neighbouring towns are reaping the benefits too as affordable properties continue to attract buyers. There are some exciting property developments taking place across the city, including One the Brayford which includes 69 premium apartments and is already attracting significant interest from buy-to-let investors.
As a member of the Relocation Agent Network (RAN), we are managing an increasing number of enquiries from investors from London and the south, which is a trend we expect will grow. If you are looking to relocate to Lincolnshire then we can help through our network of over 650 office locations throughout the UK. For more information on our relocation services, click here.
The LendInvest buy-to-let Index reviews areas which have seen the largest rise in rental yield over the last 12 months and predicts the future property market trends in that area through in-depth analysis.
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