Average rental yields hit 6.2% in 2012

One in ten properties in the UK is delivering gross rental yields of 10% or more, according to figures released by Countrywide. Their research says that rising rents and stabilising house prices helped the average rental yield to 6.2% in 2012. For the second year running the number of new tenants registering for private rented accommodation has increased with more than 340,000 tenants signing up to let a property in 2012. Nick Dunning, Group Commercial Director at Countrywide, noted: "The availability of more competitive buy-to-let mortgage products, along with fantastic yields, is creating a good opportunity for investor landlords to expand their portfolios." January 25, 2013