The high returns from renting out real estate in the North of England

According to the latest Your Move index, the average rent for residential apartments and houses in England and Wales increased by 2.4% in the 12 months preceding October 2017 reaching a value of £845 per month. Meanwhile, the market of real estate of London and the North East of England , rents fell by 1%.

North-East of England – the cheapest place in England, where the average rent of the property is £535 per month, while London remains the most expensive region with an average rent of a single object property in London– £1276 per month.

Rents in the East of England, which consists of many rural areas, small towns and two large cities – Cambridge and Norwich increased by 6% over the past year, reaching a value of £887 per month.

Prices in the North West of England increased by 3.1% to £663 in East Midlands 3.2% to £648.

The index also shows that now the investors yield on the market of real estate of England and Wales “buy to let” has stabilized, and the average is 4.4% per year. But if we compare these figures with the yield a year ago, we will see that a year ago the average yield investors was 4.8% in the company’s most profitable region remains the North of England.

Yield in the northeast is 5.1%, North West – 5%. The average investment yield “buy to let” in London is 3.2%.

® Alice Morgan. 27.11.2017 G.

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