Two UK markets that lure Singaporean investors with attractive rental yields

One market offers yields of up to 6.02%.

Despite the uncertainties the recent Brexit may bring to the economy of United Kingdom, Singaporean investors still have their eyes on UK properties, particularly in Manchester and Liverpool.

According to a report by IP Global, there is an ongoing investment surge in the two UK metropolitan sites.

The report noted that Manchester currently has the strongest property market outside London, with its rental yields at 6.02%.

Fueled up with expected increase in employment in the next five years, the lively residential market in the city might see demand from the 2.5 million strong population.

Meanwhile, Liverpool's average private rents were at a high 11% in 2015 and is forecast to increase further to 22% in the next four years.

IP Global Director Mei Sha said despite any initial apprehension following the vote to leave EU, the UK has remained a safe haven for overseas property investors.

“For Singaporean investors, Manchester and Liverpool offer very attractive rental yields. We’ve seen interest in Manchester increase by 25% compared to this quarter last year...I am confident this trend will continue further and expand to cities such as Liverpool,” she said.