Yields remain attractive in rental market

Indicative gross yields remain attractive in the rental market. Based on an analysis of apartments sold and rented over the past 12 months the indicative gross yield is 5.8%. This is up from 5.1% 3 years ago.

Indicative gross yields have risen across all regions of England and Wales compared to three years ago.

A survey of over 1,000 landlords by Dataloft with Homelet found that the majority (73%) of landlords were planning for their portfolios to stay the same over the next year, 1 in 10 looking to expand.

Nearly half see their portfolio as their long-term pension, a further 25% consider property the best place to invest, and 17% hope to increase their monthly income.

At present the Bank of England base rate is 1.25%, the average interest rate on a 1-year fixed rate ISA in the region of 2.5%. Rightmove predict rental values will rise by 8% over the course of 2022, rental price growth set to outpace sales growth.

Would you like advice on your rental property?

Our experienced and friendly Lettings & Property Management team are here to help landlords and investors across the Camberley, Chobham, Fleet and Yateley areas. No question is too big or small and we’d be delighted to chat with you. Email us at lettings@waterfords.co.uk or call your local branch:
 

• Camberley: 01276 66566
• Chobham: 01276 858589
• Fleet: 01252 623333
• Yateley: 01252 870222

Source: Dataloft, HomeLet, national survey of 12,000 renters May 2022