The Cost of Being a Landlord in 2022
I am a fan of CIA Landlord Insurance with their 20 years of experience in the rental market. Their research is relevant and valuable. An annual ranking by CIA Landlord has revealed the true cost of being a landlord and the most profitable areas in the UK to invest. Here is a link to their latest research on the cost of being a Landlord and where to buy for future growth.
Full article here, See extract below:
"One of the main reasons people choose to become a landlord is through its opportunity to produce a passive income. If this is on your mind, it’s essential you select a location that can maximize your profits. As part of the research, CIA Landlord looked at the best cities to become a landlord based on the average property price, mortgage amount, average rent from tenants, and the monthly costs of being a landlord to calculate monthly profit. Whilst Brighton took the title of the best city to become a landlord for the last few years, it has been revealed that in 2022 London is the most profitable city to become a landlord. Here, landlords can expect to make an average monthly profit of £996.76. Newry, Bangor, and Brighton follow with £746.51, £603.01, and £544.76 average profit per month respectively.
