LendInvest has said Scotland has the highest buy-to-let yields and predicted house prices and sales will continue to increase in major cities in the nation.
Tatyana Stefanova, business development manager for LendInvest in Scotland, said the nation is currently ranked first in the UK for offering the highest rental yield, according to LiveYield, and seven out of the top 10 locations offering the highest rental yields at the moment are in Scotland.
Glasgow is currently averaging 7.9 per cent in rental yield, followed by East Ayrshire at 7.4 per cent.
“It really is a very attractive property investment destination offering credible evidence of strong sustained growth in both demand and annual rental returns,” Stefanova said in a blog on LendInvest’s website.
“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.”
Stefanova said property prices have continued to increase rapidly and selling times have reduced significantly since June 2020.
She forecasted the market will continue to grow, especially in major cities across the central belt of Scotland because of the continuous low supply and very high demand.
“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,” said Stefanova.
“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.”