For some landlords,\u00a0the only option for dealing with the repercussions of\u00a0tougher\u00a0tax rules and stricter regulations has been to sell up and seek new investments with better yields. However,\u00a0the\u00a0blow of having to sell has been softened by the rapid\u00a0growth in\u00a0house prices\u00a0over the past decade, resulting in many landlords making a significant profit on their property sales\u00a0even after capital gains have\u00a0been taken into account.<\/p>\n
Last year, landlords in South Tyneside, Sunderland, Darlington and Middlesbrough were more likely to sell their buy to let properties for less than they paid for them; but despite\u00a015% of landlords\u00a0across\u00a0England and Wales\u00a0making\u00a0a loss when they sold up, the majority\u00a0(who most likely had owned their properties for a longer period)\u00a0made a\u00a0substantial\u00a0profit.<\/p>\n
Landlords who sold London properties they\u2019d owned for an average of 9.6 years made the biggest gain at \u00a3248,120\u00a0per property.\u00a0Those\u00a0selling\u00a0in the South East reaped an average of \u00a3108,220,\u00a0and landlords who sold property in the East made\u00a0an\u00a0average of\u00a0\u00a388,410\u00a0profit.<\/p>\n
While property sales have been rewarding many landlords with a substantial gain, house price growth is slowing,\u00a0and property investors are shifting their focus from capital gains to yields.\u00a0The UK\u2019s average rental growth increased to 2.1% across the UK in April, the highest since January 2018,\u00a0attributed to the 3.9% year on year increase in London rents.<\/p>\n
Increasing rents means increased yields for landlords who have felt the pinch of decreased profits over the past few years. Landlords looking to invest in a more profitable property are encouraged\u00a0to look north of London for the biggest rewards.<\/p>\n
The average London rent is currently \u00a3773, but rents\u00a0in the capital\u00a0have only grown by 0.66% year on year. Edinburgh, on the other hand, has the highest rental growth of any UK city, increasing by 5.44% year on year, across Scotland recorded annual growth is 1.78%,\u00a0 and Wales has the second-highest growth on a country basis at 1.26%.<\/p>\n
England might only have a rental growth of 0.91%, but certain areas offer a dramatically different picture. In Nottingham, annual rent growth to April was 3.84%, North Somerset 2.39%, Rutland 2.56%, Leicester 2.33% and South Gloucestershire 2.25%. Yorkshire and Humberside have seen rents rise by 1.34% and the South West rose by 1.24% year on year.<\/p>\n
For landlords looking to make a new investment,<\/a> location\u00a0it seems\u00a0is the all-important factor for\u00a0increasing\u00a0yields.<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Landlords in England and Wales who sold up last year did so for \u00a379,770 more than they paid for the property, according to estate agents Hamptons. For some landlords,\u00a0the only option for dealing with the repercussions of\u00a0tougher\u00a0tax rules and stricter regulations has been to sell up and seek new investments with better yields. However,\u00a0the\u00a0blow of… Read more »<\/a><\/p>\n","protected":false},"author":3380,"featured_media":5023625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,26,6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/5023624"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=5023624"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/5023624\/revisions"}],"predecessor-version":[{"id":6097625,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/5023624\/revisions\/6097625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/5023625"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=5023624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=5023624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=5023624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}