2
Apr
Scotland 'good for buy-to-let'
Good prospects are offered on the Scottish market for buy-to-let
investors, according to the National Landlords Association.
Yields in the country are growing, despite the impact of the credit
crunch that has obviously had some effect on all corners of the
property industry, the firm noted.
And because of the crunch those who have already invested in
property are likely to do very well this year, said regional
representative for Scotland David Kendall, as opposed to those who
are just starting out.
Traditional spots are popular but other smaller areas are seeing
demand because people wish to rent for a number of reasons, he
observed.
He commented: "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."
Investors are arriving there from a number of places, he remarked,
such as Ireland, as they look to buy outside of locations that have
seen house price growth.
On average, the price of a property in Scotland is £144,897,
less than the average for the rest of the UK, the Bank of Scotland
recently said.