September 2016 - Student check-ins drive up rents in England and Wales
Yields reverse recent trend
The average gross rental yield for properties in England and Wales increased in August, reflecting increased rental income for landlords across the two nations.
The typical return during August was 4.7%. This is above both the 4.4% recorded in June and 4.5% seen in July. However, it remains below the 5.1% witnessed in August 2015.
On a regional basis, the North East continues to be home to the highest yields in this survey. Properties in this area typically returned 5.6% to landlords in August. This level is up on the 5.5% rate from July and also higher than the same point last year (5.0%).
While house prices in the North East are typically lower than the national average, relatively high rent levels mean landlords see a better return here than anywhere else.
Other areas with above average yields include the North West (5.1%) and Wales (5%), Your Move found.
Ot the other end of the scale London landlords saw the smallest percentage return on their investment. Properties in the capital returned a yield of 3.5% in August, higher than the 3.2% recorded in July but still lower than the rest of England and Wales.