A nationwide buy to let consultancy, Sequre Property Investment, has singled out the North East in general, and the Tees Valley in particular for special treatment.
House prices in the North East have climbed considerably in the last year, up 11.8% annually, while other factors have come out in favour of economic growth.
Nissan recently revealed that its Sunderland car plant will create 400 jobs, while the reconstruction of Teesside’s Redcar Steelworks is expected to bring another 18,000 jobs, creating the largest free port in the UK in the process.
This incoming investment is already showing signs of stimulating the local property market according to figures released by Sequre, which show rental demand in the North East is currently higher than both the North West and England as a whole.
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