2 Jan

Location, location, location the key for landlords in 2013

Location, location, location the key for landlords in 2013

Investors in the property market looking at buy-to-let houses will be focusing on the location of the homes they are going to see, according to a new report which has been released by UPAD.

It said that those looking to maximise their income through a high rental yield would do well to focus on more than the traditional issues, such as the state of the house, the number of bedrooms and the initial purchase price.

And it added that some may be surprised to learn that there can actually be better levels of yields found in the north thanks to the fact that purchasing price can be lower, despite rental prices in the south and London being much higher.

James Davis, chief executive officer of UPAD, said: "The cost of renting continues to rise month on month, in some places at nearly twice the speed of the average salary increase, with many tenants needing to dedicate a growing portion of their disposable income to cover the cost of accommodation."ADNFCR-1222-ID-801515360-ADNFCR

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