The north west of England is seeing faster-than-national average growth in property values, demonstrating the region's actual investment potential. As the end of 2023 draws near, Rightmove data indicates that prices and popularity remain high throughout the region.

According to Rightmove data, the average asking price for a home in the north west climbed by 0.9% between September and October, outpacing the 0.5% average for the UK. The region has seen a notable 1.8% annual increase in property values when compared to the national average.

In addition to being more affordable than other parts of the country, the north west has excellent price growth. This neighbourhood is growing more and more appealing to homeowners and investors, with an average price of £256,275. The north west presents an alluring option for individuals searching for reasonably priced properties with great potential for financial appreciation.

It's crucial to remember that yields are rising because of the simultaneous occurrence of substantial rental increase and strong tenant demand. Rents rising faster than property values increases yields on real estate investments, which is one of the most significant profitability metrics.

If you would like to know more about investing in UK property, speak to a member if the Compare Yields team today.