Our colleagues at LSL Property Services produce a report taken from the latest Buy to Let Index Report for England and Wales. The following is a brief summary of the report together with a link to the full version which includes a more detailed analysis.
The South West had the fastest growing rental market in England and Wales in the year to April 2018. The Your Move Rental Tracker found the average price in the region increased by 3% in the last 12 months to reach £679.
The next was the East Midlands, with the average rental price hitting £654, a growth of 2.9% on this time last year.
This is good news for landlords who have been battling falling returns in recent times thanks to a combination of slower rent increases and government tax changes.
The only two regions to see rents decline in the last year were the North East and Wales.
However, even in areas which have seen yield levels fall or remain flat, property continues to deliver competitive returns compared to other forms of investment.