New-build property is the worst buy-to-let investment in the present financial climate, industry experts have warned. Daily Telegraph
The glut of newflats in UK cities - particularly in Leeds and Cardiff - against a backdrop of rising interest rates, could send rental yields falling behind some landlords' expectations.
Online property group Lettingagent.com's survey showed that London's landlords receive an average of £730 a month for a studio flat and as much as £2,410 a month for a luxury apartment.
However, landlords in Leeds get the least bang for their rental buck, where studio flats yield 81% less than they do in London, at £404 a month and luxury flats command an average of £694 a month.