With a moratorium on evictions during lockdown the impact of the pandemic has been felt across the residential property market and has affected many residential landlords.
As tenants, property owners and estate and letting agents adapt to the new environment, a study has been published by Rentaround, the property manager and letting agent comparison website, into how rental yields have improved or worsened across England since the first lockdown was lifted in June and the impact on property prices.
The study reveals that while across the country average rental yields dropped by 0.07%, there have been significant swings in certain areas with the North East remaining strong, avoiding any adverse impact to yields, with Newcastle, Sunderland & Durham included in the top 13 positions.
Rentaround's study reveals that while Sunderland's position as the city with the best rental yields remained unchanged from the Q2 lockdown, and Liverpool remained second in the report's league table, both regions experienced reductions in their average rental yields between the first and second national lockdowns. Sunderland’s rental yields fell by 0.37% while Liverpool saw a slightly larger reduction of 0.4% over the period of the study.
Full details of the study can be found on the Rentaround website.