The investment potential of the north of England continues to shine, with property prices in the North West outpacing growth elsewhere in the country. According to data from Rightmove, both prices and popularity in the region are on the rise, reflecting a strong start to 2024 for the UK property market.

Rightmove data reveals that the average asking price for a property in the North West increased by 0.9% between September and October, surpassing the national average of 0.5%. Year-on-year, property values in the region have surged by an impressive 1.8%, exceeding the national average.

The North West offers affordability compared to other regions in the country while excelling in terms of price growth. With an average price of £256,275, the region is increasingly appealing to both investors and homeowners alike. For those seeking affordable homes with substantial capital appreciation potential, the North West presents an attractive opportunity.

Moreover, this price growth is occurring alongside rapid rental growth and strong tenant demand, which are driving up yields. In property investment, yields—key indicators of profitability—are boosted when rentals rise more quickly than property values.

For further insights into investing in UK property, reach out to a member of the Compare Yields team today.