Glasgow Leads UK in Buy-to-Let Surge

12.04.2024
Auction House Scotland

In the world of property investment, Glasgow has emerged as the leading city for buy-to-let properties, boasting the highest increase in the country last year. According to insurance firm Simply Business, the city experienced a strong 12% surge in 2023, putting the city at number one.

The study analysed more than 100,000 landlord insurance policies across the country, unveiling Glasgow's rise to the top. This surpasses Edinburgh, which previously claimed the title for the city with the most significant growth in 2022 and this year is in 9th place.

This surge in buy-to-let properties reflects a broader trend of growth within the sector. Despite facing challenges such as economic uncertainty, regulatory changes, and escalating costs, landlords are increasingly drawn to Glasgow for investment opportunities.

The current market dynamics are heavily influenced by a pronounced difference in supply and demand, a factor that will significantly drive rental growth throughout Scotland. Given the current shortage of available rental properties, it's likely that rental prices will continue to rise this year.

While there are still challenges ahead, signs of slowing inflation offers hope for investors. Market forces may make portfolio purchases more appealing, particularly as it becomes increasingly challenging to generate substantial income from individual properties.

For investors eyeing portfolio opportunities, auctions present a promising avenue to explore. The availability of portfolios and tenanted properties sold through auctions could prove advantageous for investors seeking to capitalise on Glasgow's growing buy-to-let market.

With both Glasgow and Edinburgh featuring in the top 10 cities for buy-to-let properties last year, coupled with the recent end to the rent cap and eviction moratorium, investing in Scotland's buy-to-let sector this year looks promising as the market, especially in Glasgow, is ripe with potential.

To find out what tenanted properties or portfolios we currently have for sale, get in touch with us today on 0141 339 4466 or email info@auctionhousescotland.com

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