YOUR PROPERTY INVESTMENT PARTNER IN YORKSHIRE

Property has remained the worlds largest store of wealth, with residential properties making up the majority, this figure is estimated to be around $220 trillion. However with property prices increasing, the barrier to entry may have never seemed as high. However we believe its safe to say that Yorkshire is the perfect place for a robust buy-to-let Portfolio.

Yorkshire is the county where everything seems to be growing bigger and bigger. – With cities such as Leeds, Sheffield, Doncaster and our favourite, Hull!  However one thing that ins’t growing as quickly is the property prices, when compared with the rest of the country. The average property price in Yorkshire sits at £221,547 at the time of writing, that is currently between 6-7 times the average salary within the area. Compared with the South East where the average property price sits just shy of £441,000. Which is 10 times the average salary in the area. Making property investment in Yorkshire considerably more affordable and easier to scale when compared with the rest of the country.

As inflation keeps soaring, the cost of goods and services continuing to rise amongst many other factors, now is the time to be purchasing property as a hedge against inflation.

In the current market, property continues to outperform other asset classes, and rents are hitting record highs. There is a sense of urgency to buy property now, as it allows the powerful effects of compounding to kick in sooner, making money work harder for investors. Savings rates remain at a record low, with some nearing negative rates. As on-market property deals go for higher prices, securing off-market deals becomes an attractive option for potential buyers. Overall, the current conditions favor property investment and encourage buyers to act promptly.