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.
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.
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