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Nearly half of all purchases in northern town are by BTL investors

According to Hamptons, towns in Wales and the North are bucking the trend for landlords selling up with 40% of residential purchases in locations such as Middlesbrough the result of BTL investments.

And it’s a similar story in Deby where 35% of sales are BTL investments, 33% in Peterborough and 30% in York and Darlington.

The reason for all the activity in those areas is that yields there are some of the highest in the country. Yields in Middlesbrough for example are 9% compared to the national average of 7.3%.

Ben Quaintrell, of Darlington estate agency My Property Box told the Telegraph: “The property lettings market has gone crazy.” He added that 35% of those buyers are “from out of the area and coming from different parts of the country.”

Most of the highest-yielding locations are in better-value areas. The biggest yields of all are to be found in Blaenau Gwent in Wales, where landlords can expect to see a 10.6% return on their investment.

The North East is another high-yielding hotspot, with South Tyneside producing 10.6% and Sunderland 10%.

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