Buy to let investors cash in at Aalborg Place

With stocks and share prices dropping to record breaking lows on an almost daily basis it's no surprise investors are choosing to steer clear of the stock market and invest their money into bricks and mortar instead.

At a time when news of the grim economic climate is constantly hitting the headlines Persimmon Homes Lancashire has experienced a surge of investment purchasing as buyers snap up properties at its Aalborg Place development in a bid to join the buy to let market.

Since the Aalborg Place development in Lancaster has been open for potential purchasers to view, one apartment a week has been sold proving that these stylish city centre pads are perfect for the rental market.

Investors can buy a property at the development from as little as £83,950 and with a range of one, two and three bedroom apartments overlooking the canal it will prove to be a worthwhile investment for many years to come.

Diane England, sales manager for Persimmon Homes Lancashire, explains the recent trend: "At present, more and more people are considering property investment as a much safer way to secure their long term financial future, especially when compared to the volatility of the stock market - and it's something that that people from all walks of life are entering into.

"In Lancashire we have seen the demand for investment properties rise sharply in addition to a significant increase in the number of buy to let enquiries as purchasers realise that investing in bricks and mortar is one of the most astute ways to accumulate wealth."

Aalborg Place consists of 119 one and two bedroom apartments, eight studios and twelve duplexes in a unique location that combines a city centre lifestyle with canal side living. The majority of the high specification homes available provide outstanding views of Lancaster's landscape and skyline.

John Jarvis, director for ‘The Home Supermarket' letting agent, comments:

"Since becoming the letting agent for Aalborg Place just over four weeks ago we have found the apartments to be extremely rentable and have already let out ten of the properties at the development.

John continues; "There is an extremely high demand in Lancaster for quality properties to rent and I would say that anyone who is considering buying a property to let can do so with some confidence because there is certainly the market out there. What's more, Aalborg Place is unique as the apartments there are modern and of a very high specification. "

The apartments at this prestigious development present buyers with a fantastic mix of space and luxury. The two bedroom apartments boast ample living space so if open plan living is your thing then these properties wont let you down. Most apartments have a balcony overlooking either the canal or the vibrant courtyard and residents will also be able to take full advantage of the forthcoming Café/ restaurant which is situated on the ground floor overlooking the canal.

For further information log on to Persimmonhomes.com.