As those of us who live in this ‘golden triangle’ know, there is significant wealth around these parts. The prime end of the market in particular remains buoyant and shows all signs of maintaining solid growth even should the post-Brexit UK economy take a significant downturn.
This is not only at the luxury end though. All house sale prices remain on the up and Harrogate, in particular, has historically ridden property downturns much better than the city conurbations of West Yorkshire and significant areas of York. ‘Oop North’, everyone aspires to live somewhere around here.
BUT you have to know exactly where is best. You cannot beat detailed, accurate local knowledge when choosing specific strategies for specific properties in which to invest. Buy-to-let yields aren’t as favourable as other areas, capital growth and stability are the key. HMOs won’t work in very specific areas but boutique HMOs will fly in others.
This Financial Times article focuses on the prime market but illuminates any number of good reasons for investing in the ‘golden triangle’ at all levels of the property market. In uncertain times, investment in this very specific area of Yorkshire is increasingly looking a very sensible choice.