The South East of England remains a profitable spot for buy-to-ley property investment, according to the experiences of one developer.
Countryside Properties claimed sales of its apartments in Kent were testament to statistics from the Royal Institute of Chartered Surveyors (RICS) showing rental yields in the South East of England have seen a sharp increase since 2007.
Property investor Robert Coppen, 40, recently bought a two-bedroom buy-to-let apartment at The Fishing Village, a Countryside Maritime development on St Mary’s Island, Chatham Maritime, in Kent.
He said:
“When I first visited The Fishing Village I immediately knew it would be a great long term investment opportunity. The apartments are light and spacious and the riverside location is excellent.
“I have rented the apartment out but I can envisage myself using it as a ‘getaway’ in the future. I was slightly nervous about buying a property in the current market, but the quality and location of The Fishing Village makes it too good an opportunity to miss out on.”
He added rental returns “stack up” from his purchase and said he believed there is good capital investment potential in the area.
Last week property builder Persimmon Homes claimed to be bucking the UK market trend, reporting an average of more than six sales per week. The Sandbach-based firm said its hotspot was the Lyme Valley development in Newcastle under Lyme.
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