Howsy: Despite price cooling market still has areas of growth
Despite some areas house price growth cooling due to Brexit research from property management platform Howsy has found that there are still pockets enjoying notable price growth.
North Devon leads the way having reported 15% growth year-on-year, followed by Merthyr Tydfil and Blaenau Gwent in Wales, both at 13%, along with Caerphilly, up 11%.
Camden is the best bet in London with house prices up 10% in the last year, with West Devon, Forest Heath, Rochdale and Monmouthshire all up 9%, and Trafford seeing annual growth of 8%.
On the buy-to-let front the best yields were recorded in Glasgow with a return at 7.5%, with Scotland also accounting for the next best three in Midlothian (6.8%), East Ayshire (6.8%) and West Dunbartonshire (6.7%).
Burnley and Belfast stood at 6.5%, while Inverclyde (6.4%), Falkirk (6.3%), the Western Isles (6.2%) and Clackmannanshire (6.1%) complete the top 10.
Calum Brannan, founder and CEO of Howsy, said: “The face of the lettings sector has changed quite considerably with the advent of technology-based solutions to traditional problems, and now even the most amateur of buy-to-let landlords can own a home on the other side of the UK and manage their investment efficiently and effectively.
“More accessibility via digital rental platforms now provides landlords with greater empowerment when managing their property portfolio and they can do so anytime, day or night, with greater peace of mind
“The new age of letting agent not only provides this greater peace of mind but as they tend to operate on a UK-wide scale, they are better placed to deal with the day to day needs of the buy-to-let sector, whether it’s one property at the other end of the country, or a number of properties spread over different regions.
“As a result, landlords are no longer restricted to investing within the local vicinity to keep tabs on their property or forced to pay exuberant fees for an agent to do so, leaving them free to buy in one section of the market and invest in another to maximise their financial gain across the board.”