York­shire best for buy-to-let

Yorkshire Post - Property - - PROPERTY -

YORK­SHIRE is one of the best places in the coun­try to buy-to-let, ac­cord­ing to BM So­lu­tions.

The aver­age rental yield is 6.6 per cent. Mean­while, al­though ten­ants have seen a seven per cent rise in rents in the past year, the cost of rent­ing in York­shire is still among the low­est in the coun­try at £527/ cal­en­dar month.

The aver­age rent in Lon­don now stands at £1,417 and is 102 per cent higher than the na­tional aver­age of £701; ac­cord­ing to the lat­est anal­y­sis by BM So­lu­tions. Phil Rickards, head of BM So­lu­tions, says: “De­mand for rental ac­com­mo­da­tion re­mains strong, and in many re­gions this is out­strip­ping sup­ply, which can lead to an up­ward pres­sure on rent prices.”

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