Greater rental yields outside London

Andy Young the Chief Executive of TBMC comments on higher rental yields outside London - 

“Unsurprisingly, the results of the Index show that London is the most popular location for buy-to-let investment with over 14.7% of mortgage applications received for properties in the capital city of England. However, the results also show that London does not, on average, generate the highest rental yields. London produced an average rental yield of 5.66% which is lower compared with other popular cities such as Manchester (7.03%) and Cardiff (7.55%). Although properties in London can command a higher rent, they are also more expensive to buy which affects the overall rental yield.”

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