Buy-to-let returns are on the up – and new landlords are piling into the sector.
According to Knight Frank agents, the average annual yield nationally was 5.4% last year – compared with a FTSE All-Share index yield of 3.8%.
In separate research, the website FindaProperty says that in Greenwich, London, yields are 10.2% and in parts of East London are 9.4%.
Meanwhile, Paragon says that almost one in four buy-to-let loans went to first-time landlords in the last quarter of last year – the highest level since 2006.
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