41% of Landlords reported an increase in demand in Q3
- 22nd December 2015
- Landlord Property News
The rise in demand is coupled with a rental yield nationally averaging 5.6%
A recent survey of UK landlords indicates that the third quarter of 2015 saw continued growth in the buy-to-let market with an increase in tenant demand and average rental yields remaining high.
The survey reported that 10% of landlords received rental yields of 10% or more. The greatest proportion of landlords (17%) reported yields between 3% and 4%.
The proportion of landlords in outer London reporting an increase in demand from tenants rose from 42% to 48%, compared to the third quarter of 2014. This was the second largest rise in the UK.
The increase in tenant demand in London reflects the improving economy and the need for the flexibility that renting provides while living within a commutable distance from work.
This survey not only shows the strength of the buy-to-let market during the third quarter of 2015 but maintains the strong trend that we have seen throughout the year.
Stephen Ludlow, Chairman of ludlowthompson, comments: "Investment and returns across all regions are driven by employment trends. Our data shows that since the start of the millennium, total returns for investors have averaged around 10%. The success of buy-to-let is driven by the fact that it is a vital way to ensure labour mobility."
The survey reported that 10% of landlords received rental yields of 10% or more
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