Strong appetite for investment in the North as yields rise
Investors in the northern regions of England have enjoyed the highest percentage returns across England and Wales, with average yields much higher than in southern areas. The North East saw an annual yield of 5% in the year to November, whilst the North West saw 4.8%.
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.”
Meanwhile, declines in yield were seen across the East of England and the East Midlands, with the former dropping from 3.7% to 3.6% and the latter falling from 4.3% to 4.2%. London continued to have the smallest percentage returns, recording 3.2% during November.
Your Move’s report found that in eight of the 10 regions surveyed, yields remained firm between October and November. Across all of England and Wales the average yield was 4.3%, the same as a month ago.