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In Paragon Bank’s recent Q1 2024 Private Rental Sector report, it all points to rental yields rising. The research, recently refreshed for the first quarter of this year, show that on average yields have risen from 5.2% to 6.1%. Whilst landlords are understandably uncertain about the outlook for the UK economy, their confidence in their letting businesses has seen a significant uplift since the Q4 mini-budget (Paragon Bank, PRS Trends, 2024)
Richard Rowntree, Paragon Bank Managing Director of Mortgages, said: “PRS Trends reflects the general mood at the moment – growing but cautious optimism. Despite the economic instability we’ve faced, we see many lettings businesses in safe hands, with landlords astutely managing portfolios to remain profitable, something that is important if they are to continue to provide an essential societal function – good quality homes for a varied population of renters.”
View full report here
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