The latest Buy-to-Let Index might bring a smile to
investors’ faces but it has prompted Generation Rent to reiterate a call for
rent controls and a state-led programme to build more affordable housing. Rents have risen by 15.2% since 2010 – 3.6%
beyond CPI inflation. The average rent across England and Wales has risen from
£667 per month in May 2010 to £768 as of March 2015. Furthermore, annual rent
rises have accelerated to the fastest pace in two years, with the average rent
across England and Wales up 3.7% over the last 12 months. The average landlord has seen a gross return
of £21,078 over the last 12 months, before mortgage payments and maintenance
costs have been deducted. Of this, figure rental income makes up £8,259 while
the average capital gain amounts to £12,819. Read more on the Housing
Excellence website.
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