Mon 07 Jan 2019 View all news articles
Property investors in the North East achieved an annual yield of 5% in the year to November 2018, Your Move’s England and Wales Rental Tracker research has found.
Investors in the North West also achieved a yield of 4.8%.
Contrastingly rental yields stood at 3.15% in London, 3.31% in the South West and 3.32% in the South East.
Martyn Alderton, national lettings director at Your Move, said: “Properties in the North appear to offer high percentage returns to property investors and, as a result, they are attracting interest even more.
“This strong appetite to buy has been accompanied by a rise in demand for rental properties, since the North is attracting many young professionals and families with its good transport links and job prospects.
“As the London market continues to gently slow down, other regions are coming to the fore and proving attractive to investors.
“In the South West there was also good news and rental prices increased faster than anywhere else. The region boasts both the up and-coming city of Bristol and some of the most picturesque parts of the world in Devon and Cornwall.”
Source: Mortgage Introducer
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