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United Kingdom: House Prices, Rents, and Rental Yields

Last Updated: Jun 27, 2008

Yields are moderate at 4.9% in London

Last Updated: Jun. 27, 2008
PRIME CENTRAL
LONDON - Flats
COST (£) YIELD (p.a.) PRICE/SQ.M. (£)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
40 sq. m. 501,520 2,168 5.19% 12,538 54.21
80 sq. m. 1,006,400 3,786 4.51% 12,580 47.32
120 sq. m. 1,809,840 6,210 4.12% 15,082 51.75
180 sq. m. 3,302,640 10,984 3.99% 18,348 61.02
300 sq. m. 6,061,200 20,775 4.11% 20,204 69.25
LONDON - Flats
(other luxurious areas)
   
   
40 sq. m. 378,560 1,648 5.22% 9,464 41.19
80 sq. m. 711,680 2,967 5.00% 8,896 37.09
120 sq. m. 1,231,560 5,018 4.89% 10,263 41.82
180 sq. m. 2,106,360 8,033 4.58% 11,702 44.63
Districts researched:
Prime Central London: Belgravia, Knightsbridge, Chelsea and Mayfair
Other Luxury Areas: Kensington, Notting Hill, Holland Park, Hampstead, Regents Park, St. John's Wood, Pimlico, Marylebone & Bayswater
Source: Global Property Guide                    Definitions: Data FAQ                       See also: Update Schedule

The Association of Residential Letting Agents (ARLA) gross yields data show 4.89% gross yields in Q3 2008 (see quarterly survey) in Prime Central London, and 5.08% for the rest of London. Average gross annual yield for all regions in UK was 4.89%.

Rents across the country appear to be on a long-term uptrend. Over the year, rents and therefore yields have picked up strongly. People increasingly reject buying as unaffordable, and choose to rent instead.

 

 

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