Rented region in Scotland will offer sound investment opportunities in UK

ukThe private rental sector in Scotland will continue to offer sound investment opportunities despite current political uncertainties and recent industry legislation. According to the report from property consultancy Galbraith, Prices remain competitive in Scotland compared to the rest of the UK and the rental sector in continues to show signs of growth at a time of low interest rates and volatile stock markets. The latest Registers of Scotland monthly house price statistics publication shows that the average price of residential property in Scotland rose by 2.6% in April 2017 compared to last year.

Bob Cherry, Head of lettings and partner at Galbraith: “The rental market is still an attractive investment alternative with yield levels remaining strong at around 4% to 5%. This increase could spell good news for landlords seeking capital appreciation on their investment. With rents remaining high, This is an optimum time for buy to let investors to consider the Scottish private rental market. Both UK and foreign investors are looking at property opportunities outside of the over inflated property markets of London as well as other prosperous cities south of the border, and Scotland is an attractive option due to the affordability aspect combined with the level of demand from across all rental segments including families, professionals and retiree couples. Market conditions including landlord supply and tenant demand, determine rental prices and this must be carefully considered but with property prices in Scotland currently on the up, Thus the buy to let property market is proving a viable investment option for those looking to invest in bricks and mortar, as well as offering exciting potential for landlords wishing to grow their portfolio.”

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