7 Dec

Landlords see rise in rental yields

Landlords see rise in rental yields

Landlords across the country are seeing better returns on their investments, as their rental yields saw an increase in the last quarter.

According to the latest figures from the Royal Institute of Chartered Surveyors (RICS), there was an increase in the number of surveyors saying there had been a rise, as 15 per cent more said yields had grown than said they had contracted.

There was also a 19 per cent difference between those who said prices for renting had gone up, and those who said they had decreased, meaning that there was continuing good news for those with property to rent in Norwich.

RICS spokesman James Lee-Scott said: "In some parts of the country the imbalance between demand and supply forrented property suggests that for the foreseeable future landlords will have a good if not increasing return on their investments in comparison with other main stream option."

Last month, LSL property services reported that prices for private rent in the UK had increased for the ninth month in a row.ADNFCR-1222-ID-801232733-ADNFCR

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