In the UK a boom in the rental of residential property

Property owners in the UK are enjoying a boom, which is observed in the rental market of residential property in the United Kingdom.

The total income from renting of residential properties of up to £32 billion Pounds a year, which is almost £2.7 billion per month.

The largest amount of income from rent received from property in England – almost £14 billion a year, more than in the North-East, East Midlands, West Midlans, Yorkshire and East Anglia combined.

Nationwide 44% of revenue from the rent throughout the country gives London. Outside the capital popular with tenants housing is in Leeds with an annual revenue of £565 million, Birmingham – £521 million and Manchester at £401 million

In London also the highest rents. On average, the average size of the rental rates of residential property in London – £19596 a year, or £1633 per month.

In Elmbridge, Surrey has the highest rents outside of London an average of £18948 per year or £1579 per month. Followed by South Buckinghamshire with a monthly rent of £1633 per month.

However, throughout the UK owners of residential property can obtain a healthy rental income. For example, the city of Bath , where the two prestigious University, NorthSomerset , and the city of the Cotswolds show the average annual rental income of £11000 per year.

The prospect to buy a property to rent is becoming more attractive to many people. Prices on real estate sales continue to rise and more people remain outside of property rights. These people swell the ranks of tenants, thereby stimulating demand in the rental market of residential property. Landlords rush to capitalize on and actively rent out their property.

If the landlord is illiterate manages its property and has not insured his property from unexpected damage, it can lose up to 25 % of annual income. Therefore, it is recommended to take a number of precautions to protect themselves from unnecessary expenses. The portal was launched a new project, a special application for mobile phones DirectLineforBusiness that will allow homeowners to manage their five objects simultaneously, track your tenants payments, plan expenses and calculate yield to the investment portfolio. The mobile app will work both on IOS and on Android.

® Helen Antre 18/09/2014

Catford Green

Westgate House

Salisbury Gardens

Greenwich

Croydon

London E1

Coming soon

Nine Elms