Data from Direct Line for Business has revealed that Northern Ireland offers landlords the best returns in the UK. This is 2% above the average yield for landlords in the UK, which currently stands at 3.6%.
With an annual return of 5.6%, the region offers landlords the highest return- followed by Scotland (5.3%) and the North East (5%).
The figures revealed Belfast ranked third in terms of offering the best returns for landlords with an annual rental yield of 6.4%- following behind Burnley (7.1%) and Glasgow (6.9%).
Business manager at Direct Line for Business, Christina Dimitrov, explained: “As the number of renters across the UK increases, so too has the number of private landlords, with more than five million privately-let properties currently in the UK.”