10
Aug
Rental yields on the increase for landlords
People renting out their buy-to-let properties are now seeing
better yields than they were a year ago, a new report has
stated.
Demand, LSL Property Services has reported, is constantly pushing
what landlords charge their tenants towards record levels.
However, it has now been reported that rental yields are also on
the up. According to BM Solutions, the level of return on
investment was sitting at 6.2 per cent in June.
This was an improvement when compared to the same month in 2011,
when they sat at six per cent.
Phil Rickards, BM Solutions, said: "Nationally, average yields on
buy
to let properties have edged higher over the past year. A key
factor pushing up yields has been rental growth in excess of five
per cent."
He said that the biggest rises have been seen in London, while
those in the north have seen lower growth than elsewhere in the
country.