Rental yields and tenant demand keep growing
The average yield on rental property increased from 6.1% in the first quarter of the year to 6.5% in the second, according to the latest Private Rental Sector Trends Survey commissioned by buy-to-let lender Paragon.
Professional landlords with property portfolios fared better than their ‘amateur’ counterparts, reaching 6.9%.
Rental yield is defined as a property portfolio’s annual rental income as a percentage of its total value.
When quizzed about levels of tenant demand, 36% said they believed it is growing, while 55% think demand is stabilising right now. Going forward, 44% expect demand to rise over the next 12 months.
A fifth of buy to let investors plan to buy another investment property in the next three months.
Read the full story at Mortgage Solutions
RentPro property management software is built with the flexibility to grow with your business.