An innovative new platform hopes to open up the South West property market to national and global audiences
Property in the South West is highly investable and Bamboo Auctions is a fast, simple and certain way to get into this market.
According to research conducted by HSBC, Bristol was ranked fifth on the list of UK locations with the fastest growing rental yields. The South West is enjoying a period of prosperity. Bristol and Bath are emerging as hubs of digital and creative enterprise. A rich history in technology and the support of entrepreneurs by leading scientific organisations and business incubators is fuelling this growth.
Economic growth in the region is having a direct impact on property desirability. Bristol and Bath are already hotspots for investment in student accommodation as well, according to research carried out by Spareroom.co.uk, average rents have increased by 12.7% in Bath and 7.7% in Bristol.
The UK property market is attracting overseas as well as national investment, with Chinese investors, in particular, drawn to Bristol. The student accommodation sector is just one of the reasons for this, with investors seeking to capitalise on buy-to-let opportunities. In recent years, the citys strong economy and stable housing prices have caught the attention of international investors, with Bristol viewed as a safe haven. The first quarter of 2015 has seen investment in South West reach £617m, an increase of more than 225% on the same period from the previous year.
The property world is moving online, and Bamboo Auctions (www.bambooauctions.com), an online property auction website, has a number of properties for sale in the region. Bamboo Auctions allows buyers and sellers to exchange online, immediately at the end of the auction period. Buyers can search, download legal documents, arrange site viewings and place bids on properties online. Exchange occurs when the timer reaches zero, so the process is more certain and risk of gazumping or a sale falling through is removed.
Bamboo Auctions currently has a number of high-yield buy to let properties in outside Bath. The properties have highly attractive starting prices, from £140,000 and offer up to 6% yields. For more information on these, visit www.bambooauctions.com.
Whether you are looking for a family home or a buy-to-let investment, the South West is currently high on the list of places to invest in on the UK property market, and only looks set to improve.
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.