In England, rental yields fell by 0.1%, while London specifically has seen a decline of 0.2%.
Buy-to-let (BTL) rental yields have remained largely flat, rising only 0.1% year-on-year, according to research by peer-to-peer investment platform, Sourced Capital.
In England, rental yields fell by 0.1%, while London specifically has seen a decline of 0.2%.
However, the North East has seen an annual increase of 0.12% and on a local level, Corby has seen an uplift of 0.7%.
Charnwood, Newcastle and Exeter saw a jump of 0.5%.
Harlow in Essex and the Orkney Islands showed a 0.4% increase, along with Ealing which saw the largest increase of all London boroughs.
While Glasgow has seen a marginal decline on an annual basis, its current average rental yield of 7.87% remains the strongest in the UK BTL sector.
Inverclyde, West Dunbartonshire, Midlothian and East Ayrshire also remain some of the most profitable pockets, while outside of Scotland, Burnley, Belfast and Blackpool also rank well.
Stephen Moss, managing director of Sourced Capital, said: “Turning a profit in the buy-to-let sector remains a tough ask with a number of government changes denting profitability and yields remaining largely flat.
"With COVID-19 presenting additional hurdles such as rental arrears and longer void periods, many are now turning to alternative options such as the peer to peer sector for a safer, more hands-off investment.
"However, that’s not to say that a buy-to-let property won’t make a great investment should you place your money in the right pockets of the market.
"Buy-to-let returns are based on fine margins and so an annual increase of 0.7% isn’t as insignificant as it may seem.”
