Manchester has knocked Luton off top spot in the latest LendInvest Buy-to-Let (BTL) Index
The latest report included a special feature focusing on the towns and cities that have climbed up the rankings the most in 2017.
Hull has been named the biggest climber for 2017, rising 93 places to sixth place in the rankings.
Leicester has climbed into the top 10, highlighting the rise of the Midlands markets.
Meanwhile, Enfield has dropped from the top 10 in February to the bottom 10 in December.
Ian Boden, sales director at LendInvest (pictured above), said: “This month we see good news for the North and the Midlands as Manchester finally secures its spot in first place in our index after a closely watched climb to the top.
“Cities such as Leicester (10th), Birmingham (11th) and Nottingham (24th) have also made significant gains in the index, signalling a clear fuelling of the Midlands Engine.
“Our biggest climber for the year was Hull.
“Since becoming ‘City of Culture’ back in January, Hull has received a new wave of confidence in the form of increased investment in the area, driven by higher rental yields.
“However, the lack of northern dominance in the remainder of the top 10 climbers is interesting to note in light of recent headlines that have suggested property investment in the North will outperform that of other regions around the country.
Ian added that it was great to see towns like Slough, Leicester and Cambridge ascend the list with such gusto.
“The location of these high climbers – ranging from Cornwall to East Yorkshire – shows how dynamic and ever-changing UK property investment can be across the country.
“As we move into 2018 and roll out more of our new BTL loans, we look forward to working with investors countrywide on their property projects.”
