Buy-to-let yields grow despite rate rise

A recent survey, conducted by Paragon, has revealed that Average rent in England and Wales was £9,665 in November last year, and has risen to £10,702 in May, a 10% increase. The research also revealed that 63% of residential property investors thought that tenant demand was either stable or growing and that they would be growing their buy-to-let portfolios. Speculating on reasons for the continued strong growth in the market, Nigel Terrington, chief executive of Paragon, comments: “Many parts of the community, such as students, migrants, people on housing benefit, and first jobbers, rely...