17-07-2007
Scottish buy-to-let returns beat rest of UK
Scotland's buy-to-let property market is enjoying returns that currently outperform other areas of the UK, it has been revealed.
According to figures released by the Bank of Scotland, buy-to-let returns are currently reaching an average in excess of 16 per cent, reports the Scotsman.
"While house price growth in the sector is expected to be more subdued near-term … the potential for further increases in rents should encourage long-term investors," said Tim Crawford, an economist with the Bank of Scotland.
"Capital growth has remained on a strong upward spiral since the end of the last flat market in 1993," added William Frame, managing director of Braemore Property Management.
In other areas of the UK, returns on buy-to-let investments are currently lower at 13 per cent.
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