26 May

Buy-to-let property investors 'getting higher yields'

Buy-to-let property investors 'getting higher yields'

People who have invested in buy-to-let properties in the UK may be enjoying higher yields at present.

New figures from the Royal Institution of Chartered Surveyors (RICS) suggest that the net balance of chartered surveyors reporting rising rather than falling rents has increased from zero to 30 per cent since April last year.

In addition, 36 per cent of professionals surveyed believed the upward trend would continue.

According to the organisation, a fall in the supply of rental property is one factor behind the rise.

RICS spokesperson Jeremy Leaf commented: "This is good news for landlords as rents are set to move higher in the coming months and yield returns are likely to improve."

Recently, Moneyfacts.co.uk suggested that landlords are seeing improving lending conditions, with the number of mortgages available to them increasing by 70 per cent since September last year.

Now, there are 304 such products available, it noted.

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