Average rental yields in London have risen to 4.7%
The average rental yield in the UK has risen to 5.2%, reports UK investment company Sourced Franchise. The indicator has grown over the last year despite the difficult economic situation in the UK real estate market.
The firm analyzed housing prices, rental values and yields in the UK from June 2022 to June 2023 and determined how the economic situation in the UK real estate market has affected the return on investment.
They found that over this period, the average rental yield in the UK rose to 5.2%, which is 0.4% higher than in 2021-2022.
The firm analyzed housing prices, rental values and yields in the UK from June 2022 to June 2023 and determined how the economic situation in the UK real estate market has affected the return on investment.
They found that over this period, the average rental yield in the UK rose to 5.2%, which is 0.4% higher than in 2021-2022.
Published on 01.08.2023
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.
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.
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