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Private rented sector yields stay put

CBRE-yields

Yields in the private rented sector remained static for the second successive quarter, following muted deal volumes, according to the latest data from CBRE.

The professional end of the market has seen many deals pushed back to the first quarter of 2016, affecting residential market performance, the agent said.

Signs of strengthening did come from incremental increases in the prime and secondary markets of zones three to six in London, but these changes were too small to affect headline figures, which stayed at 3.75% for primary and 4% for secondary.

Activity in the quarter to the end of December has seen institutional investors look at ready-to-go investments as they wait for build-to-rent developments to complete.

mike.cobb@estatesgazette.com

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