Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
London Rental Yields Rise Despite Economic Uncertainty
The average rental yield across London has increased to 5%, up from 4.9% a year ago, according to lettings agency Benham and Reeves. The agency states that this demonstrates the continued resilience of the capital’s rental market despite wider economic uncertainty.
Tower Hamlets is currently the most profitable borough for buy-to-let investors, with an estimated gross rental yield of 6.3%. This represents a notable rise from 5.5% a year ago.
These figures may be of particular interest to UK letting agents and inventory clerks monitoring trends in rental yields and borough-level performance across London.
Source: Landlord Today