Using data based on their own buy-to-let market tracker, The Telegraph have recently published an article (June 2022) revealing the hottest and coldest rental markets in the UK.
The most fact-paced rental markets in the country have been grouped into three main areas – London, Scotland and coastal markets in the South of England.
The data reveals that Scotland is home to three of the fastest rental markets in Britain. Rental properties in Moray on the north coast, Glasgow and Clackmannanshire, just west of Stirling, all let within little more than a week of being listed.
Of these areas, Clackmannanshire offers the best value, with buy-to-lets costing £129,500 on average and rental yields at 7.2pc. Glasgow offers the highest rental income, however, with monthly rents at £754 compared to £545 in Clackmannanshire. Rental yields in Glasgow are 6.7pc.
According to a survey by trade body, the Royal Institution of Chartered Surveyors, rent prices in the UK will climb 5pc per year from now until 2027 as the cost of living crisis makes it increasingly difficult for buyers to get onto the property ladder – boosting demand for rental property. House prices are predicted to slow to just 4pc per year over the same period.
We have a variety of properties ideal for buy-to-let investments across Scotland, which you can browse on our website here: auctionhouse.co.uk/scotland
You can also call our experienced team to help you find a property on 0141 339 4466
Original source:
https://www.telegraph.co.uk/property/buy-to-let/hottest-coldest-buy-to-let-markets-britain-right-now/
