You are here: Home - Uncategorized -

Welsh boom in buy to let

Written by:

Investing in property to rent out is booming, and nowhere more so than in Wales.

Average returns generated by UK landlords have reached their highest level in five months, as both rents and property values continue to rise. Over the past quarter, rents are up 8.2% and house prices paid by landlords up 5.5%, according to mortgage lender Paragon.

But Wales stands out as the biggest buy to let hot spot. Rents are up by 33% over the past quarter and property prices by 18%. Rental yields are also following a positive trend, with Wales the only region of the country where yields exceed 7%.

John Heron, managing director of Paragon Mortgages, says: “The astute landlord who invested in buy to let in Wales this time last year will have achieved almost twice the national average total return. While the national picture remains strong, residential property investment looks particularly attractive in Wales. Trends in the local economy are very positive, creating new jobs and causing an influx of workers into the area, which in turn fuels tenant demand.”

Related Posts


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Parents failing to claim childcare savings

Research carried out by Childcare Choice has revealed that millions of parents are not claiming financial help which could help...