Over the last three weeks, the Cullen Property team has bought just over £1 million's worth of prime Edinburgh residential property on behalf of investor clients.
Whilst you could argue this recent activity is a fluke, we're convinced that it's a lot more than that: proof that the buy-to-let property sector is once again growing, both in size and popularity with investors. If you've been following property news - or our blog - you'll find that the writing has been on the wall for a little while.
For several months now, finance has been easier to arrange with the range of products available to prospective landlords growing and better deals becoming available. At the same time, investor confidence in the (recovering) property market has grown and, with interest rates remaining at record lows, property is once more becoming an attractive option to prepare for retirement.
The latest figures from the Nationwide also show that property prices across the UK are consistently growing - a definite sign of returning confidence.
So, what did our team source for our investors? We hand-picked traditional tenement flats with at least three, but more often four+ bedrooms in areas that are popular with students. Whilst a couple of the properties selected require some refurbishment, all have high net rental yields which is essential for successful property investment.
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