26
May
Buy-to-let property investors 'getting higher yields'
People who have invested in buy-to-let properties in the UK may be
enjoying higher yields at present.
New figures from the Royal Institution of Chartered Surveyors
(RICS) suggest that the net balance of chartered surveyors
reporting rising rather than falling rents has increased from zero
to 30 per cent since April last year.
In addition, 36 per cent of professionals surveyed believed the
upward trend would continue.
According to the organisation, a fall in the supply of rental
property is one factor behind the rise.
RICS spokesperson Jeremy Leaf commented: "This is good news for
landlords as rents are set to move higher in the coming months and
yield returns are likely to improve."
Recently, Moneyfacts.co.uk suggested that landlords are seeing
improving lending conditions, with the number of mortgages
available to them increasing by 70 per cent since September last
year.
Now, there are 304 such products available, it noted.
