Housing has been a recurring theme of this blog, and of my tweets. The quote below comes from the financial pages of Monday's edition of the Evening Standard:
"Hackney is offering the biggest pickings for London landlords as prices rise and tenants look for cheaper homes within reach of the centre of the capital, according to figures today.
Properties in the Olympics borough have produced total returns of 13.4% since July 2011 after a 7.4% rise in prices and rental yields up to 6%, London lettings specialist Edmund Cude says".
It would be interesting to know how much of these 'returns' come from Hackney council tax payers, paying housing benefit direct to buy to let landlords.