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Buy to let property investors need to choose carefully in central London as rent yiel

Discussion in 'UK Property' started by Nicholas Wallwork, Jul 13, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]Average gross yields in prime central London property have fallen below 4% for the first time since September 2007 due to declining rents and rising property values.

    Property investors looking to add to their London residential rental portfolios need to pick their acquisitions carefully and plan further ahead, according to the latest report from property consultants Knight Frank.

    Its Prime London Investment Index for June 2009 shows that average yields fell to 3.79%. It also shows that residential rents in central London fell 1.9% in the three months to June 2009, but prices actually rose by 3.7% putting downward pressure on yields.



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