Landlords reconsider London as prices fall

Landlords are seizing an opportunity to boost rental yields as London house prices fall at an increased rate compared to the rest of the UK. House prices in the capital fell by 3.8% in the year to February, the biggest annual fall in more than a decade, according to the Office for National Statistics. Over the same period, house prices across the country rose by 0.6%. Traditionally the capital's high prices have pushed landlords seeking higher yields to other parts of the country, such as university towns in the north of England. However, falling prices in London mean rental yields are on the up. "For prospective investors who have long been keen to enter this market yet have been kept out by high property prices, now marks an opportunity to secure a solid investment at a slightly discounted price”, said Shaun Church of Private Finance.

The Daily Telegraph (17/05/2019)