11 Jul

Property to rent in London sees two-year rent rise

Property to rent in London sees two-year rent rise

Landlords with houses to rent in London may have experienced increased yields in the capital over the past two years, research has suggested.

Despite the recession, the buy-to-let market has remained "buoyant", with London found to be the most expensive area, according to Endsleigh.

The financial services firm found that rents in the capital are double the average rental price for the UK (£1,372 compared to £688).

In addition, the monthly cost of property to rent in London has increased by eight per cent over the past two years.

Rising charges may well be welcomed by buy-to-let investors across the city, allowing some to expand their rental portfolios with additional rental homes.

Overall, monthly fees across the UK have risen by four per cent since 2009.

Carlos Thompson, head of business development at Endsleigh, commented: "The increase in cost of renting across the UK shows that despite the recession the lettings market has remained strong, which is great news for landlords and letting agents."

However, a survey in April found that two-thirds of landlords do not intend to increase their rents in 2011, he added.ADNFCR-1222-ID-800618006-ADNFCR

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