HSBC Identifies Southampton as Highest-Yielding UK Buy-to-Let City
In a study by HSBC, Southampton secured the top slot in a list of the UK’s highest-yielding buy-to-let cities. The city enjoys high property prices as well as lofty monthly rent figures, making it one of the savviest places to put your money with above-average yields.
Also in the charts were Manchester and Liverpool, as well as several areas of London as one might expect. Within London itself, the booming area of Southwark topped the city’s buy-to-let yield charts.
The head of mortgages at HSBC, Peter Dockar, said that “Buy to let remains a good investment for those looking for above average returns.” He went on to iterate what many savvy investors already know, namely that buy-to-let investment opportunities offer yields that are “significantly more than is available from more traditional savings options.”
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