Investors’ annual rental property return has risen by 5.9% since March 2013.
- Annual rental real estate returns climbed by 5.9% in April
- This is equivalent to an annual return of £9,679
- This follows a 6.3% rise in annual rental property returns in March
Annual returns on rental property rose by 5.9% in April 2013, following a 6.3% increase the previous month.
The recent climb represents a typical return of £9,679, with landlords taking home a rental income of £7,807 and a capital gain of £1,872.
David Newnes, Director of LSL Property Services, said: “Optimism is seeing in to the housing market – but from the top.”
According to recent findings, the average rent in England and Wales grew by 3.9% year-on-year between April 2012 and 2013 and rising by 0.2% since March 2013.
LSL Property Services stated that should the trend for rental prices over the last three months remains, investors in England and Wales can expect to receive an annual return of £9,496 over the next year, equating to 5.7%.
Last month’s report revealed a slightly higher rental return at £10,329, of which £7,751 was rental income and £2,578 was capital gains.