Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
London Rental Yields Edge Up, Tower Hamlets Leads
The average rental yield across London has risen to 5%, up from 4.9% a year ago, according to figures from lettings agency Benham and Reeves. The agency states that this increase highlights the ongoing resilience of the capital’s rental market despite broader economic uncertainty.
Tower Hamlets has emerged as 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% recorded in the same borough a year earlier.
These figures may be of particular interest to letting agents and inventory clerks monitoring trends in rental returns and market performance across London boroughs.
Source: Letting Agent Today