One of the biggest attractions Edinburgh property holds for investors are reasonable property prices, allowing relatively easy access to a good choice of high quality flats or houses. In fact, many of our investor clients tell us that - apart from average net rental yields above 7% - it's this accessibility that attracts them to the Scottish capital.
Their alternative? London has continuously shown high demand for rental property, both from tenants as well as investors. However, in many cases the rental yields don't match Edinburgh's and the amount of cash required to invest has certainly made buyers think twice.
Research from estate agents Knight Frank is now backing up our anecdotal evidence that investors are starting to think twice about spending their money on London property as 'buyers are becoming more resistant to continued price rises'.
Whilst buyer interest is still growing slightly, it has certainly slowed down at the top end of the market, for properties worth more than £5 million. At the same time, rents for prime central properties have fallen slightly, by 1% since the start of this year.
By comparison, Edinburgh rents have remained stable or grown, depending on the size and location of the individual property. For a better idea of Edinburgh investment opportunities, click here, or contact us directly.
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