Optimise Accountants -

Average Rentals Are Again Increasing

May 22, 2013

Posted by Simon Misiewicz on 22nd May 2013

Are you looking to buy a house for investment purposes?

Is now the time to perform a rent review?

The average rental charges have increased 3.9% in the last 12 months since April 2012.

Landlords are responding to the upturn in the rental market and high tenant demand by increasing their property stock by around 10% since 2008.

The average yield on a rental home rose to 5.3% last month, compared with 5.2% in April 2012, with landlords reaping an average capital return of £1,872 per property (1).

Is now the time to buy even more property?

David Brown, commercial director at LSL Property Services, said: “Rents everywhere are higher than a year ago, at a time when pay has crept up at the slowest rate in years, but some regions are suffering even more than others.

“Despite a year-on-year increase across the board, the divergence between London and the rest of the country is continuing, even if a little slower than last month.” (1)

How long has it been since you did a rent review?

I know there are many investors that do not perform a rent review and miss out on the opportunity to maximise their return on investments on their existing properties.

Instead they spend more time looking for new properties without looking at the opportunities right in front of them.  Be sure you perform a rent review of your existing stock against other properties in the area.

If you are looking for an accountant or thinking of changing your current accountant because they do not understand property investing and tax implications then please Click Here To Book an “Initial Free Consultation”.

Download our FREE Property Investors Guide, Call Us on 0115 946 1991, To Email Click Here, Follow Us on Facebook or Tweet Simon Here

Please ensure that you check out our latest webinars and courses Property Accounting & Investment Webinars

References:

(1)Average Rental Costs Continue To Increase



Get your FREE ebook "Property Investors Guide"
Enter your information to recieve the eBook

First Name:*
Last Name:*
Lead Source:*
Email:*
Phone:*

Telephone: 0115 939 4606
Email: simon@optimiseaccountants.co.uk