Buy to Let index

December 2016 - London rents end the year on all time high

Yield levels remain strong

  • With rents generally staying steady between October and November, Your Move found that the average gross rental yield also held firm during the same period.

  • Across England and Wales the typical return was 4.7% in November – down from 5% in November 2015 - but exactly the same as in the previous three months.

  • The North East was again home to the best yields in England and Wales with properties in this region returning an average of 5.3% - the same as October but higher than the 5% figure recorded last November.

  • The North West and Wales – also areas with lower than average house prices – saw yields above the national average. In the North West landlords saw a return of 5.1% while in Wales the figure was 4.9%.

  • At the other end of the scale, London was the region which offered the smallest yields. Properties in the capital returned 3.3% on their investment this month, the same as in October, attributed mainly to the fact that, despite high rents, the large initial investment continues to limit returns.

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