New research looking at where is currently the best place to invest in buy-to-let property in this country, based on rental yields, has found that Glasgow is currently the number one spot for a return at 7.5%.
Scotland also accounts for the next best three in Midlothian (6.8%), East Ayshire (6.8%) and West Dunbartonshire (6.7%), according to the study by letting platform Howsy.
Burnley and Belfast are home to current yields of 6.5%, while Inverclyde (6.4%), Falkirk (6.3%), the Western Isles (6.2%) and Clackmannanshire (6.1%) complete the top 10.
In terms of capital growth, North Devon, according to Howsy, has seen prices rise 15% in the past 12 months.
Merthyr Tydfil and Blaenau Gwent in Wales have both seen growth of 13% year-on-year, while Caerphilly has seen prices increase 11% year-on-year.
Camden has been the best performing area in London, with property prices up 10% in the last year, while West Devon, Forest Heath, Rochdale and Monmouthshire all up 9%, and Trafford seeing annual growth of 8%.
Calum Brannan, founder and CEO of Howsy, said: “The face of the lettings sector has changed quite considerably with the advent of technology-based solutions to traditional problems, and now even the most amateur of buy-to-let landlords can own a home on the other side of the UK and manage their investment efficiently and effectively.
“More accessibility via digital rental platforms now provides landlords with greater empowerment when managing their property portfolio and they can do so anytime, day or night, with greater peace of mind.
“The new age of letting agent not only provides this greater peace of mind but as they tend to operate on a UK-wide scale, they are better placed to deal with the day to day needs of the buy-to-let sector, whether it’s one property at the other end of the country, or a number of properties spread over different regions.
“As a result, landlords are no longer restricted to investing within the local vicinity to keep tabs on their property or forced to pay exuberant fees for an agent to do so, leaving them free to buy in one section of the market and invest in another to maximise their financial gain across the board.”
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