Edinburgh is the second largest financial centre in the UK (and the fourth in Europe), home to a large number of blue chip employers – as well as the Scottish Government. It also has more private renters than anywhere else in Scotland. Research concludes that property rental prices in Edinburgh have risen considerably over the past 4 years, with an average increase of 6.4% in 2015.
Competition in Glasgow’s residential land market bodes well for the future and reaffirms the city’s appeal. In a report published by the Registers of Scotland, statistics show that the volume of residential sales in Scotland in March 2016 was 11,017, an increase of 45.4 per cent on the previous year. The City of Glasgow showed the biggest volume of sales in March with 1,579 sales. Research also concludes that property rental prices in Glasgow have risen considerably over the past 4 years, with an average increase of 5.6% in 2015.
If you are considering purchasing a property for rental, or already have a portfolio in place, speak to our New Business Team who will be able to give you all of the advice for the next step ensuring you get the most out of your investment.