Northern buy to let surge defies Brexit gloom and Lon...

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19 August 2016

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Northern buy to let surge defies Brexit gloom and London slowdown

Sequre Property Investment says it has seen a five per cent increase in enquiries and a 12.4 per cent increase in sales in July, despite Brexit gloom in some quarters.

Sequre - which specialises in north of England buy to let - says it receives over 6,500 enquiries a month from individuals wanting to invest in property, and this number rose in July, the first full month after the shock result of the EU referendum.

“The media has, to date, focused attention on London and the south where the market was already slowing before. In the north there are still excellent opportunities, with entry prices as low as £75,000 for a one bedroom apartment, meaning strong capital growth can still be attained – the likes of which is simply now unattainable in the capital” according to Sequre’s managing director Graham Davidson.

The consultancy says markets in Manchester and other key northern cities are in good health, with a raft of forthcoming housing, retail and commercial projects indicating that it is business as usual despit Brexit.

This includes the recently announced doubling in size of MediaCityUK in Salford to the west of Manchester city centre, a proposed 64 storey skyscraper in the city, and £60m expansion plans for Manchester’s Citylabs biomedical research centre.