Scottish market attractive to landlords

Posted: 02 Apr 2008 11:02:25 GMT


            Property News - Scottish market attractive to landlords

Buy-to-let property investors would do well to invest in Scotland, according to the National Landlords Association (NLA).

Buy-to-let property investors would do well to invest in Scotland, according to the National Landlords Association (NLA).

The organisation said that the outlook is "excellent" for buy-to-let in Scotland.

The key factors cited by the NLA are rising yields, increased demand and a stable property market.

David Kendall, regional representative for Scotland for the NLA, said that there are many benefits to investing in Scotland.

"From a rental point of view the outlook is excellent. Yields are increasing, and rental void's decreasing, which is good news," he commented.

"Generally the housing market is more stable in Scotland, there's not a boom and bust cycle to the same extent that there is in the south-east.

"There are a number [of investors] coming from outwith the country, from the south-east and from Ireland as well… House prices [in these regions] have obviously gone up, and people who have equity are now looking for new markets to put their money into," continued Mr Kendall.

The Bank of Scotland recently revealed that annual house price growth reached 13.1 per cent in Scotland in the final quarter of 2007.

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