Scotland provides the best returns for landlords according to latest figures from Zoopla, with some locations offering yields upwards of 8%.
According to Zoopla, the most lucrative place to be a landlord is Greater Manchester due to its low property prices with Glasgow close behind with a yield of 8%. Despite the challenges faced in this sector, investing in property in Scotland matches up well against other forms of investment.
When compared to property in the south of England, where yields are barely exceeding 3% in commuter towns such as St. Alans, property in Scotland is considerably cheaper so even with lower rents, the returns are much more appealing for landlords.
Scotland as a region offered the best yield at 6% with Glasgow the best region to own a buy to let property, followed by Yorkshire and the Humber and North West England at 5.4%. London offers the lowest yields in the UK.
Property in Glasgow has an average house price that is significantly below the national average, which contributes towards the higher yields that can be achieved.
Of the worst ten performing buy to let towns in the UK, there are no Scottish towns – most are in southern England.
Best Buy to let towns ranked by gross yield:
St Helens 6.46%
Vanilla Square – highly personal sales and lettings! Whether selling or letting property, you will always be liaising with one of our business partners, which makes our service that much more responsible and approachable. When you instruct us, your property will reach a wider audience as we are one of the few agents who are present on all the major property portals to offer sellers and landlords maximum exposure. If you’re looking to buy, sell, rent or lease your property, or you’re simply considering the idea, contact us by calling 0141 229 0210 or pop into our new office at 711 Great Western Road. One of our partners will be delighted to help and provide you with impartial, expert advice.