is a recent press article that highlights just how rental
prices can change:
prices recent update (04/10/10)
Rental yields for landlords have risen to their highest
level in two years as demand for properties to let continues
to push up rents, new figures show.
to specialist website FindaProperty.com, the average
rental yield for buy-to-let investors during in the
three months to September was 4.69% - up from 4.57%
in the previous quarter and the best figure since October
rents were also near a two-year high after increasing
by 1.4% during the quarter to £851 a month. They
have risen steadily since the start of 2010 and are
now 5.8% higher than in January.
are receiving £47 more a month on average than
at the beginning of the year.
the data showed wide regional differences in the rental
market across the UK. While average rents jumped in
London (5.1%), the South East (3%) and the South West
(2.6%) during the third quarter, landlords in five regions
including Scotland and Wales were forced to make cuts.
In London average rents have risen 13% over the past
one year to £208 a month.
investors in Scotland had to make the biggest cut in
rents during the quarter at 3.4%, while those in Wales
reduced them by 2.7%.