One of the highest rates was recorded in London, where the average rental yield is 4.7%, which may indicate an opportunity to increase rental income
Due to inflation, the UK real estate market is going through a difficult economic period. Mortgage rates on 2- and 5-year deals have increased, so British residents have become less likely to take out loans to buy real estate.
According to the data, analysts suggest that economic instability in the UK may be a good opportunity for investors to increase the level of rental income. They predict a further fall in real estate prices and further growth in rental costs.
Halifax previously reported that UK housing prices continue to fall. May 2023 prices were down £3,000 in the same period in 2022 and £7,500 in August 2022.