The latest market snapshot from LSL Property Services once again shows that buy to let investors in northern regions have enjoyed the highest percentage returns, with average yields much higher than in southern areas.
The typical investor in the North East enjoyed an annual yield of 5.0 per cent in the year to November while in the North West this figure was 4.8 per cent.
Landlords in eight of the 10 surveyed regions saw yields remain firm between October and November, Your Move found.
The East of England and the East Midlands both saw a slight decline in yields. The former dropped from 3.7 per cent to 3.6 per cent while in the latter typical yield fell from 4.3 to 4.2 per cent.
London continued to have the smallest percentage returns, recording 3.2 per cent during the month.
Across all of England and Wales the average yield was 4.3 per cent, the same as a month ago.
All but two regions saw prices increase on an annual basis. The two to post falls were London and the East of England. In the capital, prices fell back by 0.9 per cent but of course it remains the most expensive place to rent in the UK.
Rents in the South West grew faster than anywhere else in the last 12 months – up 4.3 per cent in the year to November 2018 and now standing at an average of £701.
