Nottingham named top town for student landlords
News Category: Industry News
Published: 19-Aug-2008
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Nottingham is the most profitable town for student landlords in the UK, it has been confirmed.
A poll conducted by the Property Investor Show revealed that the Midlands city offers landlords the highest return on their investment with average rental yields standing at 10.19 per cent.
Other towns and cities identified by the delegates surveyed as providing sound investment opportunities for landlords were Durham, Manchester, Hull and Bangor.
Nick Clark, managing director of the Property Investor Show, said: "Investors may think that they are buying into a weak market, but as this research shows rental yields are on the increase and buy-to-let investors have a great opportunity to capitalise on the increasing demand for student accommodation, whilst taking advantage of lower house prices.
"There will always be a sustained demand for properties which will produce a far greater annual rental yield than the average buy-to let property. In fact, it could be as much as six to seven per cent more."
The university towns deemed to offer the worst returns for landlords were Crewe and Warwick, where rental yields are just 3.92 per cent.
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