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Wednesday, December 09, 2015

Rental demand strong say landlords

Rental demand continues to grow according to a survey of 2000 landlords.

The Paragon survey conducted by BDRC Continental for Q3 2015 had -
  • 41% of landlords report a rise in rental demand.
  • Rental yields, averaging at 5.6% nationally. 
  • One in 10 landlords reported yields of 10% or more.
  • Yorkshire and the Humber had the highest yields - 6.1%.
  • Outer London had the lowest rental yields - 4.8%. 
John Heron, Managing Director of Mortgages at Paragon comments

‘This research shows that yields, and tenant demand have remained strong throughout the third quarter, in common with 2015 overall. The figures reflect a steadily improving economic outlook for the UK as a whole and show that, more and more people are actively choosing the flexibility of making a home in the private rented sector,’ 

Yields too have remained stable throughout 2015. Quarter three data shows London and the South East slowing down somewhat, while yields in the regions are growing. This represents a welcome rebalancing of the national economy, with some of the heat from London’s economy escaping the M25 and being distributed around the country,’ 
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