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Portico Launches New Property Portfolio Investment Service
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Leading sales and letting agency, Portico, has announced the launch of their new service for landlords. Portico Portfolio will allow landlords to invest smartly in property using a tax–efficient company structure.
Portico will use their lettings expertise to create and manage bespoke, northern-based property portfolios for their clients. These portfolios will be specifically designed to achieve high yields. Accountancy firm Accounts and Legal has partnered with Portico, to handle the tax side of the operation.
Portico Portfolio intends to help landlords or those sitting on savings to invest in up-and-coming locations outside of London, which offer opportunities for lower entry costs and high yields.
Latest Portico data
Portico’s Rental Yield Map shows that long-let rental yields in London range from 1.5% to 6.7%. The lowest rental yield of 1.5% comes from the prestigious Old Bond Street in Mayfair, whereas the highest yields are being recorded near the Sewage Works on Yarnton Way. This is between Abbey Wood and Belvedere in the southeast borough of Bexley.
Looking towards the north, rental yields are certainly much healthier. Research from Portico shows that the average long-let rental yield in Liverpool is 8.3%. The city’s highest rental yield for long-lets is an impressive 13.6%.
In Manchester, the average is 6.5%, with the highest long-let rental yield reaching 7.6%.
Fiona Veitch, Portico’s Marketing and Business Director, commented on the launch of Portico Portfolio:
“With the launch this year of Portico into Liverpool and Manchester, we wanted to create something unique that makes it easy for London landlords to invest in the north west.
“Launching Portico Portfolio allows us to combine our lettings and Portico Host service with our financial services expertise, to generate impressive and tax-efficient yields for property investors.
“We hope Portico Portfolio will allow both seasoned and inexperienced landlords to take advantage of our strategic advice and knowledge of the market to build strong rental portfolios.”
