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TODAY'S OTHER NEWS

Strong short-let rental yields revealed in northern cities

London-focussed lettings agency Portico, which has expanded into the north of England, has identified part of Liverpool as the area where the region’s best yields are to be found.

The new Portico Host short lets division of the agency says landlords who have Airbnb-style short lets in the Fairfield area of Liverpool can expect a rental yield close of around 27 per cent; long-term rental yields in the same area are around half that amount, Portico claims.

The short-let yield is based on an occupancy rate of 50 per cent of the year, which the agency claims is typical for these types of properties due to seasonal demand.

Of the 10 best performing locations for short let yields, the top eight are in Liverpool postcodes: L6, L4 and L7.

In Manchester, the highest short let yields can be found in Hulme (M15) at 15.1 per cent.

The firm says there are currently 10,200 active listings in the North West on Airbnb, according to AirBnb's latest insight report.

Portico is now steering investors who may find yields low in the south of England to consider the northern half of the country.

Using Land Registry data, it says the average property price in Liverpool has increased 19.34 per cent over the last five years, from £108,267 in June 2013 to £129,562 in June 2018. 

In Manchester, the average property price has increased by 47.76 per cent to £177,243 in the same period.

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