05-09-2007
Landlords benefiting from rising rental yields
UK-based landlords are benefiting from higher rental yields, new data has revealed.
According to the results of data released by Paragon Mortgages, since February 2007 rental yields have increased from 6.1 to 6.3 per cent for buy-to-let investors with three or more properties.
"Despite ill placed criticism of the buy-to-let sector, rented accommodation is becoming an increasingly important part of the UK housing market," said John Heron, managing director of Paragon Mortgages. "Landlords are confident because tenant demand is strongly underpinning the market," he added.
Data from Paragon suggests that buy-to-let investors are increasingly confident about their choice of investment.
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