Buy-to-let market sees higher rental returns
Paragon stated that owners of rental accommodation in Britain earned an average rent of £11,066 during October 2007 - 10.2 per cent more than at the same time last year.
The increase was attributed to growing demand for affordable rented homes from people across the country, including migrant workers from overseas.
Commenting on the findings, Paragon's John Heron said: "These figures show that professional landlords continue to invest in the types of property where there is strong and sustainable tenant demand."
However, he said it was "essential" for property buyers to purchase a house which met the needs and expectations of consumers.
Recently, the Building Societies Association advised prospective landlords that they could still make a profit in the buy-to-let sector if they did their sums correctly.
08 Jan 2008