Landlords yeilds rise high
The buy-to-let sector has seen an overall rise in rental prices of 3.2% over the past 12 months, according to recent figures from LSL Property Services. Their figures also showed that in February the average rental amount hit £658 an month, a rise of 0.3%.
In total landlords have seen their yields rise by 4.8% and their investments rise by 10.6%, a figure much higher than any of the high street banks are offering on a savings account. The rise is even more astonishing when you take into account the drop in house prices the market suffered from in February.
David Brown from LSL Property Services said: "The recovery in the South began much more quickly than in the North the ripples from the housing downturn are still affecting the market in the North, whereas the South has been enjoying a new wave of optimism over the last year. We would expect returns to improve in the North as the recovery in the South spreads out, but it may lag behind for a few months yet."
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March 22nd 2010