Rents stabilise while buy-to-let prices rise
Research conducted by the website smartlandlord.co.uk has revealed that rental yields for buy-to-let property owners stabilised last month, attaining £696 a month.
The website claims that house price rises have generally caused rental yields to fall. However they remain 0.3 per cent higher than they were 12 months ago.
The organisation claims that total returns on property bought in 2008 remain negative because property prices fell by 14 per cent year-on-year.
Keshav Thukaram, managing director of the organisation said: “Even the very experienced landlords need to exercise caution in the current environment”.
Thukaram added: “This is the perfect time to snap up bargain properties that over the long term will yield great returns”
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June 19th 2009