Yields were the weakest meanwhile in London (3.3%), the South East (3.4%) and the South West (3.4%).
Buy-to-let yields were the highest in the North East (5.3%) and North West (5.1%) of England in the year to December 2016, Your Move’s buy-to-let index has found.
Meanwhile yields were the weakest in London (3.3%), the South East (3.4%) and the South West (3.4%).
On average for the whole of England and Wales buy-to-let gave a 4.7% return, down from 5.1% recorded in the year to December 2015– before the sector was hit by the 3% stamp duty surcharge alongside other measures.
Valerie Bannister, lettings director at Your Move, said: “The rental market in England and Wales has ended the year strongly, with all key indicators looking positive.
“Rents ended the year higher than they started in most areas, yet tenant arrears have remained broadly at the same level.”
“Average yields have remained stable across the country, with some regions continuing to offer well above average returns to investors.”
