Best places to rent out property in the UK

LLB Reporter

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The UK’s property sector is a state of evolution with Millenials who are known for their need of freedom and limited desire to own financial assets such as homes, are dominating the renting market.  It’s clear that younger generations are more open to renting a house than buying. Even older members of the population are going for this option rather than buying a property.

GoCompare has researched the best areas for renting out a house and ranked them by average property price and rental yields, population under 35, number of properties available, number of letting/maintenance agencies, number of new housing developments, properties currently available for rent and rental price growth.

Average Property Price

If we decide between renting or buying a house, money is one of the main aspects to consider. The actual prices of properties will determinate if renting out is worth it. Have a look at some of the highest property prices in the country:

Best UK city to be a landlord

Source: GoCompare

Rental Price Growth

If you are considering renting out your house, another key aspect you need to consider is how fast the local rental price is growing, so you can predict how much you will be able to raise the rent of your house in the next few years.

Best UK city to be a landlord price growth

Source: GoCompare

Average Yield

The average yield of a property determines the profit you will obtain for renting it out - and its rise or fall will establish how much of a return the owner gets.

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