A number of property investment specialists plan to join forces this week to host an advisory seminar designed to highlight the benefits of investing in Edinburgh’s property market.
Scheduled to take place on Thursday, 25 April 2019, in Charlotte Square, the advisory seminar features a presentation and panel discussion by senior figures from Cullen Property, Hampden & Co Bankers, Lindsays solicitors and Johnston Smillie chartered accountants.
Attendees will have a chance to ask the panel specific questions covering the investment process as well as hear the latest updates on key property investment criteria and related financial, legal and tax related considerations.
Edinburgh’s reputation as a top UK property hotspot is driven by strong rental growth, currently running at 7.8% on an annual basis, which is four times the average rate of inflation, according to Steve Coyle, managing director of Cullen Property.
He said: “We are delighted to partner with some of the city’s most experienced property investment specialists.
“Our aim is to provide guests with the essential information required to successfully enter the property investment scene and outline how seasoned investors can maximise yields from their existing portfolios.”
Strong rental growth in Edinburgh stems from a high demand for quality, centrally located property from the increasingly affluent young professional and student markets.
Kenny McNeill, tax specialist at Johnston Smillie, commented: “Despite the significant changes to tax legislation over the last few years, the buy-to-let market remains one of our largest growth areas.
“Rather than being put off by recent tax changes, investors are instead actively looking at ways to minimise their impact, for example by operating their rental business through a limited company. However, there is no one-size-fits-all solution for tax planning.
“I would recommend that all property investors sit down with a tax adviser and talk through their options no matter whether they are an experienced landlord or entering the market for the first time. Forward rather than retrospective planning is key.”
In order for property investors to take full advantage of the opportunities before them, Graeme Hartop, CEO of Hampden & Co, advises that investors seek advice from a range of advisers.
He said: “I am delighted that Hampden & Co are working together with other key professionals to help people understand the key considerations and options when looking to make a return from the property market.”
This one-off event takes place on Thursday, 25th April, 2019 at Hampden & Co Bankers, Charlotte Square, Edinburgh and attendance is by invitation only.