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However, a small percentage of the landlords are certain on doing away with all their properties when they hang the boots up! BM Solutions head of Sales, Phil Rickards, said the private rental sector’s situation is not going to change anytime soon as it is still considered an alternative long-standing investment for later life. He further added that rental yields remain strong, even though the numbers have dipped a little bit.
OnTax Accountants In Dunfermline can reveal that the survey discusses rental yields having fallen. As per the numbers provided by the research, the yield has fallen by 0.5% to 6.2% in the last quarter of the preceding year, 2012. OnTax Accountants In Dunfermline has discovered that the average yields over the year in each quarter respectively were: third quarter (6.7%), second quarter (6.2%) and first quarter (6.2%). The yield has definitely fallen, yet there is not much to worry about as such fluctuations in the market are considered normal.
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The East Midlands showed impressive numbers with an average return of 7.1%. In comparison landlords in Humberside and Yorkshire received average yields of 4.6%, which were the lowest in the region. This also highlights how the situation differs from region to region. OnTax Accountants In Dunfermline has discovered that there was a change in tenants’ arrears as well that dropped from 3.3% to 2.4% in the fourth quarter.
OnTax Accountants In Dunfermline highlight that in the last quarter of the year a tenant owed around 2,613 on average, which is 247 higher in comparison with the previous quarter.
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