7^th Jun 2019

Research from a property training firm has found that there is a steady increase of English landlords buying BTL properties in Scotland, this is because of the lower property prices, higher yields and better tax relief than currently available in the mainland.

According to the firm, 78% of clients prefer buy-to-let investments in North of the Border as Scotland offers so much better returns and less government involvement/interference such as the Right to Rent scheme.

The research also found that 50% of investors that took part in the survey intend to invest in London, with 53% for the South East and 49% opting for the South West.

The firm says that the reason why investors are opting for Scotland's BTL sector is because of the rise in rental yields.

A lettings agency in Scotland states that for the first time in over a year (March 2017) the average rental yield has increased.

Its latest data found that Scotland's average BTL property rental yield was 4.7% in March having risen from February's 4.6%. Landlord returns in Scotland are now at a six month high, whereas England and Wales have steadied at an average of 4.3%.

Chief executive of the property training firm, Paul Smith, said: “Central Scotland is now the focus of a great deal of activity. Edinburgh has always provided consistent returns, but Glasgow is now the city that’s setting the pace.

“There’s a great deal of excitement about its growing tech, creative and financial services sectors which are attracting young, affluent workers from elsewhere in the country.

“The main exception in Scotland is, of course, Aberdeen whose property market continues to be negatively affected by the downturn in the oil and gas industries.”


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