Property investors looking for value for money are increasingly looking to Edinburgh, according to property experts. This is in part due to a London property bubble which is excluding only the wealthiest of buyers and also Edinburgh’s high rental returns.
Edinburgh is of course a university city, attracting students from across the UK and the world every year. This perpetual influx of students means that Edinburgh offers buy-to-let landlords some of the most reliable tenancies around. Yes they might accidentally knock a beer over on your carpet – but they will require a place to live for the duration of their studies which is good news for landlords.
As property investment expert Steven Coyle said in a recent article:
“Compared to London, Edinburgh property prices remain relatively low, making the city far more accessible to potential investors. Whilst always an advantage, this made the city especially attractive when mortgage finance became scarce.”
As confidence in the economy has grown over the past year or two, mortgage finance has become more readily available – another big plus for those looking to the Edinburgh property market as a potential source of income.
Coyle goes on to say:
“Investors are also benefitting from Edinburgh’s growing employment, stable economy and companies moving to open up offices in the Capital. Meanwhile, London has become the most expensive city for companies looking to relocate staff and businesses are being priced out of the city and looking elsewhere. Edinburgh is primed to capitalise and already has the second fastest growing employment centre in the UK.”
If you are looking to make an Edinburgh Property transaction, give us a call on 0131 337 1800. Below are some of the things that set us apart:
Knowledge - we know the local and national markets inside out which will help you get the right property at the best price
Fixed costs - we will take care of the whole home buying process for you from start to finish at a pre-agreed cost
Small enough to care - our personal service is second to none and we're always at the other end of the phone to answer your questions
Blair Cadell Solicitors are a leading firm of Edinburgh solicitors dealing in a wide range of property, business, tax and personal legal services. Call 0131 555 5800.