LendInvest, the London based buy to let finance and bridging finance platform, has cited Scotland as having the highest BTL yields right now, and predict that house sales and prices will continue to rise in the major cities. This is due to low supply coupled with high demand.
According to LiveYield, Scotland is currently no 1 in the UK for the highest rental yield, with seven of the top ten locations offering the highest rental yields currently in the nation.
At the moment, Glasgow is averaging 7.9% in rental yield, with East Ayshire coming after at 7.4%
Tatyana Stefanova, business development manager for LendInvest in Scotland, said in a blog on LendInvest’s website: “It really is a very attractive property investment destination offering credible evidence of strong sustained growth in both demand and annual rental returns”
“In bridging, the low supply of houses means buyers are crying out for good-quality housing.
“Whether it be upgrading the housing stock in under-invested in communities before selling, redeveloping commercial properties as towns re-align post-Covid, or acquiring land ready for planning, the buyers are there for the investors looking to take the plunge.”
“We’ve seen an increase of 11.8 per cent in the average property price in comparison to 2020 alongside the highest sales volumes recorded in over 13-14 years”
“What everyone probably wonders is whether or not those trends would continue in 2022 and of course there is always room for speculation.
“Most likely there would be a slight decrease in demand and prices in the more rural areas, however my expectation is that the market will continue to grow especially in major cities across the central belt of Scotland due to the continuous low supply and very high demand.
“This combination of factors creates opportunities in both the bridging and buy-to-let markets.”
Original article featured here…
LendInvest recently boosted its team with two new hires. Omega Poole is the new head of capital rising and Robert Pritchard is the new head of fund management.