The make-up of the Private Rented Sector (PRS) has undergone a fundamental change within the last few years due to successive Government housing proposals.
Reports indicate that almost 50% of housing benefit recipients are now living in PRS.
The Private Rental Sector has outperformed both commercial property and equities with average returns of 10.5% over the last decade.
The six main UK cities with gross yields over 6% in order are:
Leicester (6.4%)
Sheffield (6.3 %)
Coventry (6.3%)
Stoke-on-Trent (6.1%)
Reading (6%)
Birmingham (6%)
Demand is high in the private rented sector in the current economic climate, due to first-time buyers priced out of the market, immigrants and increasing student numbers all looking for rented housing in the private sector.
With Coventry home to two major universities and a reenergised technical industry, the time to invest into property has never been better.
