The property market has seen massive changes in the last year, including an increased demand for rental property.
One of the reasons for this is the need for more space as, due to the Covid-19 pandemic, many more of us are having to work from home for the foreseeable future.
As a result, there is high demand for these type of investments as companies and workers move out of capital cities.
Office blocks are now being converted into luxury apartments blocks.
Investing in property is still one of the best long-term investments, with guaranteed returns of 7%-8% net for anything up to 10 years on a “hands free” basis.
It has always been acknowledged that there is a “North/South Divide”.
However, this has never been more apparent than when it comes to getting the most value for money where property is concerned.
The North has always had the upper hand. The reason for this is simple – it costs a lot less to buy any type of property in the North of England and, i
t goes without saying, this means that there are better opportunities to enjoy a great rental return on your investments.
A two-bedroomed luxury apartment in Finchley, North London costing £750,000 to buy, will give you a rental return of £4,500 per calendar month paid gross.
It is easy, therefore, to see the fantastic advantages of buying an investment property in the North of England and the returns it will bring.
Added to this, in particular both Preston and York have great train services into London in as little as 2 ½ hours.
Now may be the absolute best time to invest in the North of England.
For more information : call now on (+44) 033 3303 4767, or email sales@lujoinvestments.com; alternatively click here to complete a contact form and we will get back to you.