Rental yields boost property market
Rental yields for buy-to-let properties in the UK have remained steady at 6.4 per cent for the second consecutive month.
The demand for property to rent in London has meant that landlords has meant that rates have remained steady, reports Contractor UK.
Figures from the survey by Paragon Mortgages index showed that properties in Wales, the north and the north-west of England achieved the highest yields in June.
houses to rent in London are also popular, with terraced houses commanding the same yield of 6.9 per cent that detached houses provide.
flats to rent in London have also seen a steady yield, with statistics showing a three per cent rise since a year ago.
Overall, rent as a percentage of a property's values has stabilised at a figure of just over £1,000 a month.
This follows news that the average values for all types of investment property now stand at £185,552.
Published 4th August, 2008
© 2008 Estates IT Limited
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Rental yields for buy-to-let properties in the UK have remained steady at 6.4 per cent for the second consecutive month.