A recent Association of Residential Lettings Agent (ARLA) report suggests that rental returns in the North East and North West have been rising steadily since the end of 2011. Throughout the last few months they hit 5.7 per cent and 6 per cent respectively, making the North West the region with highest rental return in the UK.

 

 

James Davis, CEO of Upad, leading online lettings agent comments,

 

 

"One of the biggest issues within the UK rental market today is that rising rents in many locations have put significant pressure on tenants. The cost of renting continues to rise month on month, in some places at nearly twice the speed of the average salary increase, with many tenants needing to dedicate a growing portion of their disposable income to cover the cost of accommodation."

 

 

With this in mind, landlords looking to expand their portfolios in 2013 might be interested to learn that it is the North of England rather than the South which is currently providing the highest yields.

 

 

Independent research commissioned by specialist buy-to-let mortgage lender Paragon revealed that the north-west is the region in which landlords will enjoy the greatest yields. Typical yields of 6.6 per cent were recorded in this area in Q1 2012, up from 5.9 per cent in Q4 2011. And it is a similar story amongst many northern regions, with the north-east recording an average yield of 6.5 per cent.

 

 

The North´s undoubted success however does not necessarily mean that there is nothing to be gained from investing in southern buy-to-lets. Eastern England registered healthy 6.3 per cent yields, the south-east 6.1 per cent and London 5.9 per cent.

 

 

Indeed, London was recently picked out by experts as a location in which the rental market is currently performing particularly well. Jon Neale, head of residential research at Jones Lang LaSalle, said the capital is currently the perfect destination for landlords, suggesting the lack of housing in the city making it easier to rent homes to tenants.

 

 

So with tenant demand for privately let properties increasing by 6% over the last decade as revealed in the 2011 England & Wales census figures landlords across the UK should look no further than the UK´s market leading online lettings agency, Upad, on which to list their vacant properties.

 

 

As one of the UKs largest and fastest growing letting agencies, Upad specialise in helping professional tenants rent properties from landlords directly by allowing landlords to manage their own viewings. In the Last year alone, 107,000 tenants asked Upad for help finding a home.

 

 

For more information please contact Upad, on 0333 240 1220 or visit www.upad.co.uk