Scottish Buy to Let Market is Excellent
One property expert claimed the the buy to let property market in Scotland has superb prospects.
According to David Kendal of the National Landlords Association (NLA), rental prices are increasing meaning there is better scope for profit in the Scottish buy to let sector.
It’s known that the credit crunch made it hard to get a buy to let mortgage, however some landlords may benefit from this phenomenon. Mr Kendal added:
A result of that may be that there will be less new buy-to-lets coming on the market, so investors who are already in the game will do quite well.
There won’t be as many investors coming in this year, as there have been in previous years.
David Kendal also reported that the Scottish housing market is traditionally more stable than that in the south. Because does not experience a “boom and bust cycle”. Glasgow and Edinburgh lets have been relatively consistent during a somewhat rocky period elsewhere in the UK
House prices in Scotland rose by 2.4 per cent in last quarter of 2007 - according to the Bank of Scotland’s Scottish House Price Index. In the other hand prices fell 0.8 per cent in the rest of the UK.
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[…] Scottish Buy to Let Market is Excellent One property expert claimed the the buy to let property market in Scotland has superb prospects. According to David Kendal of the National Landlords Association (NLA), rental prices are increasing meaning there is better scope for profit in the Scottish buy to let sector. It’s known that the credit crunch made it hard to get a buy to let mortgage, however some landlords may benefit from this phenomenon. Mr Kendal added: A result of that may be that there will be less new buy-to-lets coming o […]