Best yields are out­side Lon­don

Yorkshire Post - Property - - PROPERTY -

AC­CORD­ING to new re­search, buy-to-let in­vestors should be look­ing at Birm­ing­ham, Mersey­side and Kent post­codes to re­ceive the high­est yields.

Na­tion­wide data sug­gests land­lords should avoid buy­ing in Greater Lon­don, where yields av­er­age less than four per cent, com­pared to other ar­eas that can of­fer re­turns of 10 per cent.

How­ever, online let­ting agency Let Bri­tain warns against chas­ing yield at all costs. Spokesman Fareed Nabir says: “While it is tempt­ing to chase larger yields in re­gions all over the coun­try, it can be con­cern­ing, es­pe­cially for first time buy-to-let in­vestors. Long dis­tance land­lords have a lot to con­sider, es­pe­cially if they need any main­te­nance work do­ing to the house.”

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