UK buy-to-let investors head North
The Buy-To-Let sector of the UK property market has steadily grown over the last couple of years and according to research the more lucrative opportunities are to be found in the north of the country.
Data supplied by one UK mortgages provider discovered that the North West region offered the highest rental yields obtainable throughout the UK property market.
Paragon Mortgages surveyed hundreds of landlords across the country to determine how the market has performed over the past year and results show that average rental yields in the North West had increased from 5.9 per cent a year ago to 6.6 per cent by the end of the first quarter of 2012, closely followed by the North East at 6.5 per cent. Rental yields for London properties range from 5.7 per cent on the outskirts of the city to 5.9 per cent in central London.
According to the survey the overall UK average yield had increased from 5.9 per cent at the end of last year to 6.2 per cent during the first three months of 2012.