Paragon Mortgages: Rental yields rise in north
www.moneynews.co.uk > Mortgages > Paragon Mortgages: Rental yields rise in north
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Money News |
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Paragon Mortgages: Rental yields rise in north
Thu 22nd Dec 2005
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The past month has seen an increase in yield in the west Midlands, the north, Yorkshire and Greater London but an easing in other regions, the company's buy-to-let index shows.
Prices paid by northern landlords have risen to reach averages of £95,228.
John Heron, managing director of Paragon Mortgages, said: "Yields seem to have remained relatively stable in the past quarter. This is clearly good news for landlords with existing property investments."
East Anglia has also seen a steady rise in property values while smaller increases were registered for the east Midlands and the south-east.
Paragon Mortgages noted that total returns were mostly higher in the northern regions while the south of Britain continued to see a modest decline in property values.
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