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Tuesday, February 07, 2012

BTL yields top 10%

According to an article in this weeks Sunday Times buy-to-let gross yields are topping 10% in London or specifically Greenwich. Research conducted by findaproperty apparently indicates that gross rental yields in this part of London are generating a yield of 10.2%.

I'd love to see the properties that they have found that generate that type of yield in London. A garden shed or garage perhaps. I do hate it when the press throw out these unsubstantiated claims of unbelievable yields. I lay the gauntlet to the Sunday Times to produce the evidence of anywhere in Greenwich that is habitable and producing a 10% yield and isn't an HMO.

I think my money is safe. If you are a landlord or letting agent in Greenwich, then feel free to put me right.

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