Research conducted by HSBC is showing that Southampton is the top spot for buy-to-let investment in England and Wales. Shame the bank didn't include Scotland in their study, but nonetheless, the results are good news for Edinburgh.
Looking at the top five cities in the survey, they all produce rental yields between 7 and 8%, have a lot of private rented accommodation available and the initial outlay for the investment is not too high.
Comparing this to Edinburgh, it's obvious that the city is even better placed than its competitors 'down South'. Depending on the property purchased, net yields regularly break the 7% mark, with some of them as high as 12%.
Properties available for investors include highly sought after traditional tenements, some of which may be in need of refurbishment. For investors, this is often an advantage, allowing them to unleash the property's full potential as a private let.
What's more, Edinburgh has a large population of students and professionals who are keen to rent high-quality properties and are specifically looking for good value rather than the cheapest monthly rate.
And how about the initial investment? Edinburgh may not be cheap, but it certainly offers easier access to investors than London does. Looking at London's affluent boroughs of Hammersmith & Fulham and Kensington & Chelsea, which generate returns between 3 and 3.5% respectively, there is simply no comparison.
For more information about investment properties in Edinburgh, contact us directly.
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