Excellent rental prospects` in Scotland

Released on: April 17, 2008, 9:34 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: Despite a flurry of media reports about the uncertainty of
buy-to-let, the investors themselves seem to be roundly confident, with nine out of
ten respondents to the most recent Association of Residential Letting Agents (Arla)
survey saying that they do not plan to sell their properties any time soon.

Press Release Body: Despite a flurry of media reports about the uncertainty of
buy-to-let, the investors themselves seem to be roundly confident, with nine out of
ten respondents to the most recent Association of Residential Letting Agents (Arla)
survey saying that they do not plan to sell their properties any time soon.

Additionally, four out of ten landlords said they have plans to add further to their
rental portfolio; those who are looking for a new location to buy may want to
investigate opportunities in Scotland.

According to the National Landlords Association (NLA), Scotland holds all of the
attractions that make it a prime investment destination. David Kendall of the NLA
said that there is an expanding and exciting market for buy-to-let investors in the
area.

\"From a rental point of view the outlook is excellent,\" he enthused, explaining:
\"Yields are increasing and rental voids decreasing, which is good news.\"

Another factor that may attract investors is the relative stability of the housing
market, Mr Kendall stated, adding that \"there\'s not a boom and bust cycle to the
same extent that there is in the south-east\".

All of these positive factors have led to a surge of property investors from outside
of the area, he said, because \"if people are looking for capital growth then they\'re
more likely to come to Scotland\".

Mr Kendall acknowledged that those who are looking for a new buy-to-let mortgage may
run into obstacles regarding financing; however, he pointed out that the same trend
is occurring in other areas of the UK as well. In addition, he pointed out that with
fewer newer investors entering the market, those who are \"already in the game\" could
be at an advantage.

Regarding where to buy, Mr Kendall - who is Scotland\'s regional representative for
the NLA - recommended that buyers look beyond conventional cities such as Edinburgh,
Glasgow and Aberdeen. \"Many of the outlying areas and smaller towns are very busy
now,\" he advised.

Indeed, figures from the Bank of Scotland\'s Scottish House Price Index for the final
quarter of 2007 reveal that annual house price inflation in the area was 13.1 per
cent. This figure represents the strongest increase in the UK - far more than the
average increase of 5.2 per cent.

Meanwhile, that data shows that prices have remained low; the average price of
buying a house in Scotland is £144,897, which is 26 per cent below the UK average.

It seems that the trend for buy-to-let properties in Scotland is predicted to
continue. In February, the NLA opened a Scottish division to cater to this very
demand.

In today\'s world Property investment is an excellent investment option especially
investment in UK

Web Site: http://www.assetz.co.uk

Contact Details: Address:Assetz House, Newby Road, Stockport,Cheshire

zip:SK7 5DA

ph:0845 400 7000

fax:0845 400 6010

email:linkexchangeseo@gmail.com

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