The average buy-to-let property has returned 13% to investors over a 12-month period, according to Birmingham Midshires.
The figures, which exclude fees and mortgage interest costs, are up on the 11.9% seen for the year up to June 2006. The research also revealed that the average price of a buy-to-let property in the UK increased by 7% over the year to June 2007, to £141,766. Actual rental yields declined slightly from 5.7% in June 2006 to 5.5% last month. Northern Ireland has seen the strongest gains for buy-to-let investors with a total return of 35.9% to retail investors. The surge in popularity of Northern Irish properties is largely due to a rapidly growing local economy and interest from investors i...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes