Currently viewing the tag: "rental values"

Mark I’Anson – Dominate Your Ground 

Dominate Your Ground by Mark I'Anson

Dominate Your Ground by Mark I’Anson

Dominate Your Ground” is the revolutionary new book from Mark I’Anson, the renowned investment property trader, trainer and coach. 

Dominate Your Ground” details highly innovative techniques, all designed to dramatically improve your wealth opportunities through successful UK residential property trading and investments. 

Learn how to effectively and profitably set up as a property trader, learn the business from the start, source the RIGHT below market value properties, convert and close deals, all from one of the country’s leading authorities on the subject.  

This book is a MUST read for anyone who has a genuine interest in trading in property and wants to realise an un-rivalled level of profit from property!

Continue reading »

UK Private Rented Sector Survey by BM Solutions

Buy To Let Landlords See Increasing Rental Yields

Demand for good quality rental properties in the UK is still increasing despite the doom and gloom reported by the media about the UK property market.

New data from BM Solutions shows that UK landlords with rent guarantee insurance in place are seeing an average 4.8% growth in monthly rental yields.

Buy to let property investors across the UK saw a rental yield of 6.1% during 2011 with the average monthly PRS rent climbing up to an average of £716 per month.

While 2011 rental yields were marginally lower than the 6.2% observed in 2010, landlords with rent guarantee insurance remained optimistic as residential property rental values continued to increase across much of the UK.

The research shows the North of the UK saw higher rental yields than in the South.

The highest was 7% in the North followed by the North West and Yorkshire and Humber both at 6.3%.

In Wales yields increased 6% and in the West Midlands and the East Midlands there was a rise of 5.9%.

The South of the UK saw rental yields rise, but increases remained below the national average.
• In Greater London rental yields were up by 4.8%,
• Up 5% in the South West
• Up 5.3% in East Anglia
• Up 5.2% in the South East.

While the national average monthly rent increased by 4.8% overall, there were more significant gains in regional areas. The largest increases were in East Anglia at 8% and the North at 6.9%. The South East and Greater London recorded rises of 5.8% and 5.6% respectively. In contrast, rents increased by just 0.1% in Wales and 0.7% in Scotland.

Average rents in London were more than twice the national average at £1,212 per month. The average monthly rent in the capital is 69% higher than UK average of £716 and 41% above that in the South East at £858, the next highest region.

The lowest average rents are in Wales at £474 per month, and in the North and Yorkshire and the Humber both are £488 per month.

Phil Rickards of BM Solutions said: “There is a very healthy demand for rental properties across the UK right now, which in part may be driven by the costs associated with buying a home: costs which, for some, will only increase as the stamp duty holiday has ended. Average gross yields on a buy to let property have been just over 6% for the past two years, driven by growth in rental values. However, with house prices likely to remain broadly flat again this year, buy to let landlords can again expect little capital gain on their investment in 2012”.

Tagged with:
 

New data released by LSL property services has shown that in February, working tenants in the UK Private Rented Sector were paying 0.6% less in rental asking prices than they were in January.

Rents for working tenants have been falling slightly since November 2011, after rising steadily for the preceding nine months of the year.

According to LSL, the average private sector rent for working tenants in England and Wales is now around £707 per calendar month.

Tenants in employment are paying on average £24 a month more now compared to the same period last year, that’s an increase of 3.5%.However, residential property rents in London continue to outpace the rest of the UK, with rental values up 5.6% on March 2011 prices.

Tagged with:
 

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!