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TODAY'S OTHER NEWS

Revealed: favoured buy to let locations with tenants in situ

A league table has been drawn up to show which large cities in the UK have the highest demand for investment properties with tenants in situ.

Lettings management platform Howsy says the most in-demand locations are Glasgow, Leeds and Bristol.

Separately, Cardiff, Oxford and Leeds are home to the highest chance of buying a buy to let complete with tenant, as measured by properties on the market and listed on Zoopla.

Across all 23 cities assessed by the platform, just 0.8 per cent of properties currently listed for sale come with a tenant in situ. 

“Purchasing a buy to let with a tenant in situ is the modern day equivalent of the golden fleece for UK landlords” explains the platform’s chief executive Calum Brannan.

Table shows the percentage of total stock in each city for sale with a tenant in situ

Location

Stock Level (%)

Cardiff

3.7%

Oxford

3.1%

Leeds

2.9%

Newport

2.3%

Portsmouth

2.1%

Cambridge

1.8%

Swansea

1.7%

Southampton

1.6%

Glasgow

1.2%

Nottingham

1.2%

Liverpool

1.2%

Bournemouth

1.1%

Sheffield

1.0%

Leicester

1.0%

Manchester

0.8%

Birmingham

0.8%

Bristol

0.7%

Belfast

0.5%

Plymouth

0.5%

Aberdeen

0.4%

Newcastle

0.4%

London

0.3%

Edinburgh

0.2%

All

0.8%

Table shows the percentage of stock with a tenant in situ in each city already under offer or sold subject to contract

Location

Buyer Demand (%)

Glasgow

62%

Leeds

55%

Bristol

55%

Nottingham

51%

Edinburgh

50%

Cambridge

47%

Southampton

40%

Cardiff

38%

Portsmouth

37%

Birmingham

33%

Newport

32%

Manchester

31%

Newcastle

30%

Liverpool

24%

Plymouth

21%

Oxford

21%

Sheffield

20%

Bournemouth

17%

London

15%

Leicester

11%

Swansea

11%

Aberdeen

0%

Belfast

0%

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