Belfast Telegraph

Rental income rises

Rental income has increased for the third consecutive quarter, research by buy-to-let lender Paragon has revealed.

More than a third of landlords (34%) have increased rent levels across their property portfolio in quarter three, compared to 29% in quarter two.

Just over 10% of landlords said their rental income had increased by between 2% and 4%, while 13% of landlords increased rents above that level. Only 4% of the landlords surveyed for the quarterly report said they had experienced a decrease in their rental income.

On average the overall increase for all landlords was 1%.

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