(1888PressRelease)
July 12, 2007 - According to recent statistics from London property company Knight Frank, Landlords in the capital are actually raising their rents at the fastest rate in recent years - but this isn't translating into profits.
"Yields in prime central London have dropped to an all time low," commented Liam Bailey, Knight Frank head of residential research.
"Gross yields stand just above four per cent after exceptional growth in house prices this quarter.
"Although rents have grown strongly since the start of the year, capital value growth has overshadowed the performance of the rental market."
As a result, it is predicted that more and more buy-to-let landlords will rush to sell up before prices start to fall.
The UK's leading fast property purchasing firm National Homebuyers says would-be landlords should have seen the signs. "All the signposts of a terrible year for buy-to-let mortgagees have been in place for almost two years," says director Chris Newman.
"Rates have been rising and rents have been falling as property prices started to stall in various UK locations.
"In some areas, values are actually going down. Amateur landlords with their eyes on high yield properties are now finding that they have to sell their investment quickly and cut their losses."
National Homebuyers makes an offer to purchase any property. Offers are guaranteed and they offer to meet the vendor's desired completion date, often this can be in a handful of days.
