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Buy to Let

Landlords still keen on the capital

Christina Hoghton
Written By:
Christina Hoghton
Posted:
Updated:
19/01/2016

Booming London residential rents continue to attract buy-to-let investors, despite changes to tax treatment

Rentals in the capital are continuing to boom, with demand exceeding supply, according to a report by London estate agents Martin and Co.

It said that the number of tenants registered for each property rose from 7.5 at the start of the year to 11.8, and average rental yields across the capital are now 4.3%.

Property prices continued to rise in 2015, with an 11.2% uplift in London over the year to November, according to the latest index produced by the UK Land Registry. Luton, Reading and Slough saw strong annual price increases of 14.2%, 16.2% and 13% respectively.

Eleven London boroughs managed double digit house price growth last year, with the top three being Hillingdon (14.4%), Barking & Dagenham (14.2%) and Newham (13.2%).


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