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BM Solutions latest regional rental yield data had put the North East, North West, Midlands and Wales at equal top. The four regions achieve an average gross rental yield of 6.4pc.
What strikes me is the minimal range between the highest yielding areas and the lowest. Even Central London's yields are less than a percentage lower despite the rocketing prices.
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I agree that the lack of range between the highest and lowest yields is surprising -- and contrary to my own experience as a landlord who has properties in both inner London and the Midlands -- but I suspect that it may be down to the methodology BM used. Do you know if there are any details of how they did it? A quick Google only produces other reports which don't explain this.
I suspect that it may just be average rent in an area versus average house price in an area -- which is going to flatten the range of yields as it doesn't take into account that different types of housing stock are more and less likely to be in the private rented sector.
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