Research shows best yields by location in the UK
The property market has been slow in some parts of the UK in 2019, but new research looks at where values are doing well and the best locations for buy to let.
North Devon has seen the most growth on an annual basis at 15%, according to the data from lettings platform Howsy, followed by Merthyr Tydfil and Blaenau Gwent in Wales, both at 13%, then Caerphilly up 11%.
Camden is the in London with house prices up 10% in the last year, with West Devon, Forest Heath, Rochdale and Monmouthshire all up 9%, and Trafford seeing annual growth of 8%.
When it comes to current rental yields for buy to let landlords, Scotland has the highest. In front is Glasgow at 7.5%, followed by Midlothian and East Ayrshire both at 6.8% and West Dunbartonshire at 6.7%.
Next is Burnley and Belfast both at 6.5%, then Inverclyde at 6.4%, Falkirk at 6.3%, the Western Isles at 6.2% and Clackmannanshire at 6.1%.
‘More accessibility via digital rental platforms now provides landlords with greater empowerment when managing their property portfolio and they can do so anytime, day or night, with greater peace of mind,’ said Calum Brannan, chief executive officer of Howsy.
‘The new age of letting agent not only provides this greater peace of mind but as they tend to operate on a UK wide scale, they are better placed to deal with the day to day needs of the buy to let sector, whether it’s one property at the other end of the country, or a number of properties spread over different regions,’ he pointed out.
‘As a result, landlords are no longer restricted to investing within the local vicinity to keep tabs on their property or forced to pay exuberant fees for an agent to do so, leaving them free to buy in one section of the market and invest in another to maximise their financial gain across the board,’ he added.