The latest LSL Buy to Let Index for January has been published. The headline details are
- Landlords across England and Wales have seen returns eclipsed by those in the capital, according to the latest Buy-to-Let Index from LSLPropertyServices plc, which owns the UK’s largest lettings agent network, including Reeds Rains.
- London landlords have seen total annual returns of 14.6% in the year to January 2014. A higher than average return of £38,104 per property in London, which equates to 5 x the total return per property in the North East and Yorkshire & the Humber.
- Annual returns on rental property in England and Wales, have grown significantly in the past twelve months, to 8.9% in January, up from 5.7% in January 2013.
- The average buy-to-let investor in England and Walescould expect to make a total annual return of 13.0% over the next 12 months, equivalent to £22,256 per property, if rents continue to rise.
Assuming house prices change at the average rate of the last three months and they achieve the average yield of 5.2%.