21 Mar

Returns boost for property to rent in London

Returns boost for property to rent in London

Buy-to-let investors with property to rent in London could benefit from increased returns in 2011.

According to LSL Property Service's latest buy-to-let index, rent jumped by 7.7 per cent in the last 12 months.

Property to rent in London was 0.3 per cent more expensive in February when compared to the previous month.

In addition, monthly costs for property to rent across England and Wales were 3.9 per cent higher in February 2011 compared to the same month last year.

David Brown, commercial director of LSL Property Services, says the past 12 months has seen strong rental income underpin buy-to-let investors' returns.

He said: "The consistently constrained level of lending to home buyers has bolstered demand – and rents – in the private rental sector during what is typically a slower period.

Flats to rent in London's W1 district are in high demand, Knight Frank has revealed.

Features such as porters, secure parking and air conditioning have made managed flats to rent in London's central district popular with tenants.ADNFCR-1222-ID-800470275-ADNFCR

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