Average monthly rents across Britain increased for the sixth month in a row to £842.
The statistic is from Countrywide, the UK’s largest chain of agents, which said that the best yields for landlords are being reached in Wales at 6.7%, followed by the North and Midlands, both at 6.5%.
The best yields are mainly on one bedroom properties and smaller properties.
Average monthly rents for April fell in some regions, London, the South East and Wales. Countrywide places the fall in central London down to high stock levels in comparison with last year, when the Olympics were coming up. They say that this April, tenants viewed multiple properties and put in offers lower than the asking price, with some landlords accepting these offers.
Countrywide, who use their own data of 50,000 properties that they manage across England, Wales, and Scotland, say that rent arrears are declining in all regions apart from Scotland.
The company also says that buy to let property investments remain a strong performer when compared with savings and other vehicles of investment, and they predict that this will continue.
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