The most recent Private Rented Sector Trends Survey revealed that landlords achieved an average yield of 6.5%. This is an increase on Q1 where the average was 6.2%, and on the same time period last year where the average was also 6.2%.

Professional landlords achieved a higher average yield than the smaller-scale landlords surveyed, reaching 6.9% – an increase on 6.5% in Q1.

Landlords were asked for their views on current levels of tenant demand: more than a third (36%) believe tenant demand is growing. Professional landlords are more likely to think that demand is increasing – 39% compared to 27% of smaller-scale landlords.

Looking ahead, 44% of landlords expect tenant demand to increase over the next 12 months.

One-fifth of landlords are on the investment trail, with 21% planning to purchase buy-to-let property in the third quarter of this year.