SMF - Just Installed!

Prices down, but rents up

Started by propertyfag, December 17, 2007, 09:42:08 AM

Previous topic - Next topic

propertyfag

British landlords have made an average of 34,500 in rental income in 2007, according to buy-to-let mortgage provider Paragon.

Rents are up by 6 per cent over the past quarter and 17 per cent in the past 12 months, the research found.

A third of the landlords surveyed said rents were higher than 12 months ago, but over half stated there had been no change. Some 86 per cent plan to increase their portfolios or leave them as they are in 2008, according to Bradford & Bingley, with yields holding steady nationwide at an average of 5.72 per cent of property value.

Around a third of landlords expect rental yields to rise next year and two-thirds envisage they will remain steady.

Last month, property sales declined at their fastest rate since April 1999, and Jeremy Law at Bradford & Bingley agreed that this will ensure the buy-to-let market continues to prosper.




I haven't increased rent yet, not sure i'm going to this year. Anyone going to increase rent?

hopson

Apparently Glasgow is the place leading the yield increase - bet its bloody cold there though. Now is the ideal time, lower prices can be negotiated and more people renting becasue their 'scared' of buying - more demand for renting = increase rent
Better purchasing + Higher rent= Higher yield

Life is sweet

propertyfag


simhar

Yeeeh-ahhhhhhhh

cheers

simhar

Web: Properite Landlord Software - http://www.properite.co.uk