Despite the economic downturn still affecting the country’s economy during 2011, private rental sector landlords witnessed increasing rental yields in all parts of the UK.

Monthly Buy To Let property rents increased by 4.8% in 2011, giving property investors a rental yield of 6.1%.

The average monthly private rented sector (PRS) residential property rent climbed up from £682 in 2010 to £716 in 2011.

Figures from BM Solutions (part of Lloyds Banking Group), show that in East Anglia residential property rents increased by 8%.

In the North of England rents were up by 6.9% but property rents in Greater London saw slower growth and only increased by 5.6%, although the average residential property rent in London ended the year 69% higher than the national average at £1,212 per calendar month.

The areas with the lowest average PRS residential property rents in the UK during 2011 were:

  • Wales – £474
  • The North – £488
  • Yorkshire & Humber – £488
Sign Up For Our Newsletter
Join over 10,000 subscribers receiving our newsletter containing weekly UK Property Networking Event details, Educational & Business opportunities & Property Investment Deals
We hate spam as much as you do! We promise that your details will not be shared with anyone else.

Comments are closed.

There Will Never Be A Better Time To Invest In Property

MyPropertyPowerTeam.co.uk helps property investors and landlords build their own property power team to enable them to profit from property - Visit our main site now!