Buy-to-let offers 13% one-year returns

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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...

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