"Excellent" outlook for buy-to-let in Scotland

Posted: 03 Apr 2008 11:19:07 GMT


            Property News - "Excellent" outlook for buy-to-let in Scotland

A local expert has suggested buy-to-let investors could benefit from considering the Scottish market.

A local expert has suggested buy-to-let investors could benefit from considering the Scottish market.

The National Landlords Association's regional representative for Scotland, David Kendall, said there are "excellent" prospects for buy-to-let.

Apart from the stability in the market compared to other parts on Britain, the Scottish market is also seeing "yields are increasing and rental void's decreasing".

Scottish property is also cheaper on average than in the rest of the UK. Bank of Scotland figures for the last quarter of 2007 show the cost of buying a house in Scotland is £144,897.

This was estimated at around 26 per cent cheaper than the average house price for the UK as a whole.

The bank reported annual house price inflation reached 13.1 per cent by the end of 2007, while the UK average managed growth of 5.2 per cent.

According to Mr Kendall, traditional letting hotspots include Edinburgh, Glasgow and Aberdeen, while "outlying areas and smaller towns" are starting to see an increase in activity.

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