Beyond London & the south east: Why Private Capital is increasingly targeting the North

About this episode

In this episode: The landlord exodus. Regulation (Renters' Reform, EPC requirements) is pushing out the smaller property investor, and even some private landlords that have accumulated real scale, with one current instruction a portfolio built up over twenty years. Who's replacing them. Propcos with private equity behind them, professionalising management and needing larger lot sizes, alongside overseas UHNW capital treating the UK as a safe haven for medium to long term wealth preservation. Where pricing has moved. Prime, peripheral and tertiary yields have all shifted out, and the gap between pricing expectations and the cost of money is doing the work. Jimmy and Mark put numbers on it. Freehold trades, leasehold struggles. Straightforward freehold blocks and house portfolios hold demand; long leaseholds, broken portfolios and geographically scattered stock are far harder, with fire safety and cladding remedial costs having a material effect. The regional case. Population, first-time buyer age, rental growth and ten-year capital growth in the major regional cities, and why the fundamentals rather than the sentiment are the argument. Institutional appetite. PRS versus BTR, s