Dundee, Liverpool and Belfast – the best areas with regeneration projects for investors

3 September 2020 | General

The Dundee Waterfront is the top area for landlords wanting to invest in cities with government infrastructure spending, Howsy analysis shows.

Investors around the £1bn Dundee development benefit from a rental yield of 7.2%, as the typical price is £146,000 and current rents stand at £881 per month.

Liverpool Ten Streets is the second best area, with yields of 6.4%, followed by properties around Destination Bootle and Tribeca Belfast (both 6.0%).

Calum Brannan, founder and chief executive of Howsy, said: “Investing can often require a long-term vision but with buy-to-let profitability being squeezed in recent years, investing with an eye on the future isn’t a luxury many landlords can afford at the moment.

“However, that doesn’t mean a savvy investor can’t receive an immediate return on their buy-to-let bricks and mortar while also benefitting from government regeneration further down the line.

“There are a whole host of areas currently undergoing extensive regeneration projects which will increase rental demand in the short-term due to the construction itself, but also in the long-term, as these new developments bring more job opportunities and a greater appeal for living in general.”

This post has originally been featured in Property Wire.