Over 72 per cent of industry experts surveyed say that regeneration and investment in Northern cities means canny investors are taking advantage of the increased buy-to-let opportunities and solid capital growth in the New South.
While the South still offers good returns, house prices are higher and the investment can take much longer to pay off.
Louis Mann, Sales Director of Validus, an investment company exhibiting at the show, said: Buy-to-let investors should keep their eyes on the North.
Property prices are still lower than in the South, and for the investor this means a lower ticket price to purchase the property which is great for cash flow.”
While most economicl activity in the UK has primarily been centred around London, investment in the North is seeing this centre gradually shift. The North has seen significant investment in regeneration and infrastructure and has quickly become a serious competitor to the South,
The Commonwealth Games held in 2002, the BBCs planned move to Manchester and the regeneration of Liverpool as the European Capital of Culture 2008 have all contributed to a positive effect on the area.
Nick Clark, managing Director of the Property Investor and Homebuyer Show North, said: The results of our survey show that while London is leading the current property boom, industry experts believe you shouldnt discount the North which is set to provide excellent returns on the long run. Indeed, many are labelling the North as the New South.
As investment and regeneration booms, the consequences for the Northern housing market are very encouraging.
From buy-to-let investors to first time buyers looking to choose an up and coming hotspot for their first purchase, the area is guaranteed to provide strong returns by means of rental yields and capital growth.
Clark said: With lower house prices and high demand from workers, tourists, students and immigrants, there are plenty or opportunities for shrewd investors who are looking to make money out of property and homebuyers who want to get their first step on the property ladder.
At this years Property Investor and Homebuyer Show North, there will be plenty of exhibitors on hand to provide information and advice about investing in the North, including Manchester City Council, Manchester Real Estate, Hunters and Reeds Rains.
Check house prices here