Member Article

Invest in the North West with Bamboo Auctions

Bamboo Auctions: an innovative new platform for property buyers to invest in the North West

Property in the North West is highly investable and Bamboo Auctions is a fast, simple and certain way to get into this market.

Recent findings by HSBC reveal that Manchester has the 7th fastest growing rental yields in the UK and Manchester, Blackpool and Liverpool all made it onto the top 10 list of buy-to-let hotspots according to rental yield. Blackpool was found to be the seaside town with the best rental yields in the UK (7.81% before tax).

According to research conducted in 2014, almost two-thirds of investors in Northern properties are from the South East, with over a third from Greater London. Many Northern cities offer lucrative investment opportunities, with average gross yields in Manchester being twice as high as those in London. With doubt over the stability of the London market, investors are turning their gaze northwards to further expand their portfolios and benefit from the better rental yields Northern cities currently have to offer.

National and international investors have poured more than £2.1bn into the North West economy this year alone. Overseas investors invested £354.4m into the property market in 2014, and this accounted for a tenth of all overseas investment during this year. Mark Ellis, the MD of SME Real Estate for Lloyds Bank Commercial Banking, has noted how the North West has been incredibly strong in recent years and that investment in the region will only continue to increase, as the North West is “still edging past its pre-crisis peak”.

With the North West viewed as a stable and resilient hub for property investment, and the consequent lure of international finance to the area, it only looks as if a positive feedback loop will ensue within the market, further benefiting the region. Improving the efficiency of buy-to-let investment from the South East and from overseas is the next transition – and Bamboo Auctions (www.bambooauctions.com), an online property auction website, is the ideal platform to do this. The site allows buyers and sellers to exchange immediately at the end of the auction period. Buyers can search, download legal documents, arrange site viewings and place bids on properties online. The site offers a faster, more efficient transaction process in a market saturated by gazumping and surreptitious fees. It is also a much better alternative to live auctions, which can be expensive for buyers to attend.

Properties are already available to purchase online, and include a development opportunity in Blackpool, with a starting price of £115,000. For more details on this or other properties for sale, visit www.bambooauctions.com.

Blackpool has a great deal to offer, with its famous Pleasure Beach theme park offering a plethora of fun activities for all ages, attractions such as the Blackpool Tower, with its daunting SkyWalk, and some of the best fisheries in the country. The city has undergone a recent renaissance of sorts, with promenade improvements, the Talbot Gateway regeneration scheme and a flurry of boutique hotels having cropped up in the area. It is now an up-and-coming area for families and young couples.

Whether you are looking for a family home or a buy-to-let investment, the North West is currently high on the list of places to invest in on the UK property market, and only looks set to improve. With Bamboo Auctions, you can now browse and bid on properties in the North West and in other investment hotspots.

Bamboo Auctions (www.bambooauctions.com) is an online property auction website that allows buyers and sellers to exchange online, immediately at the end of the auction period. Buyers can search, download legal documents, arrange to view and bid on properties. Listing a property is free and estate agents keep 100% of their commission.

To view and place bids on properties, buyers can register now at www.bambooauctions.com.

This was posted in Bdaily's Members' News section by Sasha Seddon .