In­vestors hom­ing in on Har­ro­gate

Yorkshire Post - Property - - PROPERTY -

LON­DON-BASED buy-to-let in­vestors are widen­ing their search to York­shire’s hotspots.

Har­ro­gate es­tate agent and auc­tion­eer Feather Smailes Scales said Lon­don buy­ers were tar­get­ing North York­shire.

Richard Smailes said: “We have seen an in­creased level of in­ter­est from Lon­don­ers look­ing at the buy-to-let mar­ket in Har­ro­gate, which they see as a safe and se­cure in­vest­ment area not too dis­sim­i­lar to the af­flu­ent parts of Lon­don such as Hamp­stead and Rich­mond. The Ge­or­gian townhouses around the Stray and cen­tral Har­ro­gate are at­tract­ing par­tic­u­lar in­ter­est at the mo­ment, more so than flats.”

Al­though cap­i­tal growth isn’t as great as in Lon­don, rental yields and af­ford­abil­ity are good.

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