London most expensive region to be a landlord

Jessica Nangle

June 16, 2017

London is the most expensive region in Britain to be a landlord, research from Kent Reliance shows.

In the capital the average cost excluding mortgage costs and tax but including void periods is £6,535 per property per year or 32% of the amount they receive in rent.

The average UK landlord spends £3,632 per year, which equates to 34% of average rental income.

The CML on Scotland’s housing market vs the rest of the UK

The North East of England has been identified as the cheapest region, where the average cost is £1,895 per property per year.

Landlords have the lowest running costs in Blaenau Gwent in Wales where costs average £1,495.

John Eastgate, sales and marketing director of OneSavings Bank, said: “With a fifth of UK households living in rented accommodation, landlords play a crucial role in supporting the housing market as they bridge the gap between housing supply and demand.”

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