High returns for London landlords

London landlords are seeing more than double the average returns across the country amid surging property values and a continued shortage of homes to choose from, a lettings network has reported.

LSL Property Services, which owns chains Your Move and Reeds Rains, said the capital's landlords have seen annual returns of over £38,000 typically over the 12 months to January, made up of income from rents as well as the rising value of rental property in London.
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