Landlords benefit from increased rental yields
With the demand for rental property increasing, landlords are cashing in on rent increases and making a profit of, on average, 5.6%.Nationally, the average rent currently stands at £591 a month and the average cost to buy a rental property is £115,000, with a landlord return of 5.6%. However, in London and the South East where property prices are higher, the rental return is also likely to be increased.
It’s great to see a healthy lettings market and we’re committed to ensuring our landlords get the very best returns on their investment. Our knowledge of the local area and our list of potential tenants means that we can make sure owners get the maximum from their property.
Our figures portray a really positive picture for landlords across the UK. As house prices continue to rise we expect to see some new landlords come to the market; and who can blame them?
Labels: buy-to-let, landlords, letting agencies, letting agent
posted by blogger @ 16:36
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