Brighton Loses Its Title as the Most Profitable City to Become a Landlord
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.
