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

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