INVESTMENT Summary

York benefits from a rising population with a sustained growth expected

With its medieval streets and the breath-taking Minster, York stands out as one of the most magical cities in the UK. Enveloped within its ancient city walls is a mini metropolis of everything from quaint tearooms to independent boutiques, bars, and leading retailers. Renowned for its vibrant culture along with world-class attractions and events, City Gate is right on the doorstep of everything that York has to offer

The average daily rate according to Airbnb is £196 per night

The huge employee base, coupled with 21.6% population growth predicted over the next 5 years (Savills), means that tenant demand in the region is only set to increase further over the coming years

In 2015, VisitYork.org reported that the city had welcomed 6.9 million visitors that year, attracting £564 million in expenditure and supporting 19,000 jobs

The city’s tourism sector is great for property investors. It helps to drive up demand for rental accommodation, particularly in the potentially lucrative short-stay sector. Moreover, as a ‘city break’ destination, York sees steadier year-round tourism than many coastal towns and properties in national parks, so it tends to deliver higher rates of occupancy.

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I’ve had a great experience with Magna Partners. I met with quite a few consultants at the beginning of my journey and finally settled with John because of how knowledgeable and helpful he was (and not pushy). I have felt really comfortable and confident the with my choice in trusting Magna Partners. John and Hannah have been there every step of the way, and have left me feeling reassured throughout the journey of buying my first BTL properties.

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I discovered Magna Partners on the internet and decided to contact them. From the first day that I spoke to Ross via Teams, I have trusted them just because I could see with whom I dealing and the open hearted chat that we had. He is a real persons person.

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I invested previously using an alternative company but never have I had such a bespoke approach before. From the first point of contact through to exchange it’s been nothing short of excellent. Olivia and Hannah have been on hand at every step of the way and their communication has been second to none. Thank you again for your professionalism, here’s to many more purchase together

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