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.