North beats south in yield table
Landlords in the North West have achieved the highest average rental yield of 6.5% in the UK during the first quarter of 2012 up from 5.9% in Q4 2011, research commissioned by Paragon Mortgages reveals.
Northern regions dominated the top spots with landlords in the North East achieving an average yield of 6.5%.
Following in third place was the South West with a yield of 6.4% and the East of England with 6.3%.
The overall average yield achieved by landlords in Q1 was 6.2%, an increase on Q4 where the average yield was 5.9%.
Paragon landlord customers however reported a higher than market average yield of 7.3%.
John Heron, director of Paragon Mortgages, said: “The rental yield figure is important for landlords as it gives a good indication of how well a property and in a wider sense a portfolio is performing.
“We have seen another interesting shift in the regions taking the top spots, with a more distinct North/South divide in Q1 with the North outperforming their Southern counterparts.
“Tenant demand continues to grow and fluctuate in certain areas of the country at different times. So I suspect we will continue to see movement in the yield table in the months to come.”
- Demand defies end of stamp duty holiday
- Deposits are biggest barrier to buying
- Key worker housing affordability improves
- Halifax launches NewBuy range
- FTB lending surges in February
- FSA to give key note speech at MBE Manchester
- Brightstar launches Saffron ERC free BTL range
- L&G partners with Buckinghamshire BS
- British Friendly short-term IP now on Avelo
- AMI dinner announced
- Assurant appoints BDM
- Next Intelligence hosts Twickenham DA event
- Britons alarmed when in £14,416 of debt
- Complex BTL yields reach new high
- L&G joins SimplyBiz GI panel
- 95pc LTV products double
- Chelsea offers free valuation and legals
Have Your Say