The Royal Institute of Chartered Surveyors (Rics) says falling supply of rental properties and increased demand will lead to a 15% rise in the next five years!

Rents are expected to increase by nearly 2% across the UK over the next 12 months, according to the latest survey from the Royal Institution of Chartered Surveyors.

The shortfall in new rental properties in the UK is predicted to push rents up by 15%, by the middle of 2023. The average rent paid for a property in the UK now stands at £772 (excluding London).

Despite political and economic turmoil, the British property market has remained resilient. Rents are growing at a steady pace. House prices in England fell for the first time in seven years in the first three months of 2019, good news for first time buyers and investors.

This period of uncertainty may in fact be the Best Time to take your first step onto the Property Ladder or expand your Property Portfolio.

The North East of England

Buy-to-let investment properties in the North East have the luxury of catching students in popular cities like Newcastle Upon Tyne, York and Durham.

Properties close to Newcastle and Northumbria Universities, offer an average yield of 8.16%.