North has best rental returns
NEW data from the Association of Residential Letting Agents shows that homes in northern England are delivering the highest rental returns in the UK.
The North West is the top performer at six per cent with the North East in second place at 5.6 per cent
Ian Potter, managing director of ARLA says: “Our data shows that the North West is presently showing the highest return on rental investment. But these figures show the private rented sector is experiencing the same regional variations as the sales market, and therefore investors should move with caution.”
ARLA agents reported a steady rise in the number of landlords increasing their investment in rented property.