New research shows that the average rental yield in Britain has remained at roughly 4.2 per cent throughout the pandemic.

Regionally, the North West continues to top the table with the highest rental yield at 5.4 per cent; Scotland has 5.1 per cent.

Yorkshire and the Humber, the North East, Wales, the West Midlands and London also come above the national average at between 4.3 and 4.8 per cent.

Daniel Jackson, sales director at Sequre Property Investment – which commissioned the research – says: “The property industry has shown impressive resilience throughout the pandemic, but even the most optimistic of landlords were probably expecting profitability to take a dive during such uncertain times.

”Yet yields have refused to show any notable levels of decline and the buy-to-let sector remains a very strong investment option at present. The reason is that, even though house prices have gone up by an average of 10 per cent, rent values have gone up by more still, 11 per cent, to negate any negative hit on yields.

“Northern Britain remains the best, most rewarding place for buy to let landlords and investors to build their portfolios.”