Rents to "Rise Sharply"

IveSeenTheLight

the_ash_and_the_oak wrote: »

think all UK regions have been broadly similar in their trajectories throughout the boom period and subsequently imo (w Northern Ireland having rather different factors that exacerbated both) - whereas the US strikes me as a truly regional market (w things like some states not experiencing a boom, different policies such as non-recourse only existing in some states etc)

Well I think that all regions were not similar and have increased at different rates.
This can be seen in figures such as affordability where some areas are much less affordable than others.

So let's just leave it that you think all regions in the UK reacted similarly and I know that they have not

nollag2006

To go back to the OP's point, its great news that rents are on the up while more and more competive BTL products are coming on to the market. This should really help increase demand and prices over the usually rocky winter months

Entertainer

Average rental yields on assured short-hold tenancies have risen from a 2006 low of 5.08 per cent and are currently at 7.96 per cent in London

Complete bs.:mad: I've put enough links up here in the past to prove this isn't true.

nollag2006

Entertainer wrote: »

Complete bs.:mad: I've put enough links up here in the past to prove this isn't true.

Agreed - with rents rising even faster than house prices in many areas, I wouldn't be at all surprised if yields were well above these levels now

:beer:

chucknorris

nollag2006 wrote: »

Agreed - with rents rising even faster than house prices in many areas, I wouldn't be at all surprised if yields were well above these levels now

:beer:

I'm not sure what areas of London you are talking about, I only have specific knowledge of Battersea (SW11) and Tottenham Hale (N17) and those 2 areas provide a typical yield of between 5.25 and 5.75% for the types of property that I am after (good flats in Battersea and very good victorian houses in Tottenham Hale (you wouldn't want a flat in N17).

Those figures are based on what I know I can buy for (not necessarily asking prices) and rents I know I can achieve (again not necessarily asking prices). Additionally they are in the very specific target areas that I was (note 'was' not any more) interested in and good quality property. Obviously a higher yield could be achieved by trying to rent out sub standard accommodation (i.e. grotty places with old kitchens and bathrooms or worse still a flat in a dodgy block). But I want absolutely nothing to do with that end of the market, mainly because it will be hassle and problematic. But additionally I believe these higher yield types of properties would be likely to have rental voids, particularly in the market we have right now, so that higher yield isn't actually achievable. I am also quite fussy over my tenant selection, I want to price the rent at a level which gives me a good choice of tenant.

the_ash_and_the_oak

http://www.townends.co.uk/SITE/php/make_pdf.php?id=ERL060123&type=r

nice!