With affordability being stretched and rental yields being squeezed, more and more London based investors are heading north
New research from property company Hamptons shows that increasing numbers of London based buy to let landlords are heading to the North West in search of higher returns.
A third of investors buying a new property last year chose properties in the North and Midlands, compared with 14% in 2015 and 4% in 2010.
Property investment firm Mistoria Group -
The research shows that just one in four London based landlords purchased a buy to let outside the capital in 2010.
Since the introduction of the surcharge, an investor buying in London faced an average tax bill of over £24,000, compared with a little over £5,000 outside.