UK rental market 'booming'
A ten per cent rise in UK rental yields was recorded over the past year, marking the continued strength of rental property in attracting demand.
Figures compiled in the Assetz House Price Index revealed that high rental yields were spurring rapid buy-to-let mortgage purchase, opening up more and more property to rental.
While figures were strong across the country, London saw the biggest rise, with capital-based landlords experiencing an average increase of 19.3 per cent – giving the UK an unrivalled rental surge.
Stuart Law, chief executive of Assetz, said: "On balance, the UK buy-to-let market is just about the strongest in the world and investors can look back on a successful 2007 with surveys showing excellent returns across the board.
"While London obviously continues to lead the way, with rents up by almost 20 per cent on average for the year, this positivist is not restricted to the capital, with excellent figures in areas such as the north-west keeping overall annual figures high."
Reductions in new build supply by developers was also identified as a spur to further increases in demand for rented property in the coming year, as existing properties find more potential takers.
Published 8th January, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Streatham town centre to be improved by BID?
Major improvements could be made to Streatham town centre thanks to a new business partnership.
Read Article ... Published on 25th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
A ten per cent rise in UK rental yields was recorded over the past year, marking the continued strength of rental property in attracting demand.