BRADFORD has ranked among the top buy-to-let locations in the region.
The city secured third place in Yorkshire and the Humber in a new national index published by property investment company ERE Property, which scored 310 areas across England and Wales using five weighted metrics: average property price, annual rental yield, five-year price growth, private rented sector share, and average monthly rent.
Bradford recorded an average property price of £187,388, with the highest five-year price growth in the regional top three at 27.7 per cent.
Helen Mercer-Jones, managing director at ERE Property, said: “London is no longer the default choice for the modern landlord.
“With only one London borough even making the top 50, our research highlights a massive geographic pivot in the UK property market.
“For those seeking returns above 6% or 7%, the smart money is moving North to cities that offer both lower barriers to entry and a much higher ceiling for rental growth.”
Bradford follows Leeds in second place, with Hull topping the regional table and ranking 11th nationally with an average property price of £133,118 and an annual return of 6.1 per cent.