Salford Property News
Yields rise across all regions
Dewi Jones
Feb 22, 2024, 15:00 PM
Indicative gross yields remain attractive in the rental market. Based on an analysis of apartments sold and rented in 2023, the indicative gross yield is 6.7%. This is up from 5.3% in 2021.
Yields are currently strongest in the North West (8.5%) and have risen across all regions of England and Wales compared to 2021. 66% of landlords are planning on keeping their lettings portfolio the same in the next few years, and 13% plan to increase.
The top reasons for increasing the portfolio are to build an investment business (26%), to be a pension (22%) and that it is the safest place to invest (17%). Rental growth is forecast to outpace the sales market over 2024, with a forecast rise of 5%. Source: #Dataloft Rental Market Analytics, Land Registry, based on £sqft of apartments sold/rented in England and Wales, Property Academy Landlord Survey 2023, Zoopla
About The Blog
This Blog looks at what is happening in the Salford and Eccles property market. We report on events and community news along with investment ideas and tips for those loosing to invest in the area.
Dewi Jones - Editor
Salford is fast becoming one the most exciting areas of development in North West. If you need any assistance buying, selling or letting properties in the area we have over 30 years of experience
and local knowledge to help.
T: 0161 707 4745
E: [email protected]
Leave a comment