28
Mar
Yields 'strong in London'
Areas of London and the south-east provide strong opportunties for
buy-to-let investors, according to new figures released by Hamptons
International.
Over every property type, the organisation revealed that the best
yields are in the City (5.08 per cent), Kensington (5.19 per cent)
and Islington (5.43 per cent), reports Mortgage Solutions.
And for those looking to make inroads into areas outside the
capital, Brighton (4.32 per cent), Hove (4.22 per cent) and St
Albans (4.02 per cent) were highlighted as places with strong
yields.
Research manager for Hamptons International Rob Bruce stated that
the figures are higher than inflation in house prices.
"For those looking to acquire new assets and happy to accept a
longer-term view on capital appreciation, it is worth also noting
that the average initial income returns are higher than recent
years," he commented.
This week it was also revealed that NatWest is to alter its
buy-to-let portfolio at the end of March, with new fixed-rate deals
available.