Near record rental values coupled with the rise in house prices will generate average returns of 13% in the next twelve months, more than £22,000 per property, a report found. It also revealed rents are within £1 of their all-time high at £743 a month in England and Wales. August’s figure marks a 0.7 per cent increase on July and is up 1.3 per cent on August last year, according to Steve Hawkes of the Telegraph online.
There are numerous reasons that are adding to the positive trend across the UK, of which Sheffield will play a key role. Poor income growth has meant that families are having issues still with their ability to borrow, meaning that the private rental sector will continue to see strong demand. Sheffield has a large student market and there is a great upwards impact on the market as more students return to study in the city for the new academic year.
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Taken from: http://www.telegraph.co.uk/property/propertymarket/10322006/Landlords-profit-from-the-housing-price-boom.html
