Looking for a student buy to let property investment? Well, perhaps you should consider Glasgow. Survey’s carried out by Zoopla showed that Glasgow came out tops with the best returns on investment across all university towns in Britain.
According to the survey carried out in 2013, the average yield offered by a Glasgow student buy-to-let investment is 4.95%. This outshines towns like Cambridge, Bristol and Manchester. The ever popular student city Oxford did not make it on the Top 10 list of best investments.
The yield (annual return on investment) for Glasgow is strong because of low house prices combined with medium returns in rent and a high demand for student accommodation.
Lawrence Hall, Zoopla.co.uk spokesman, said: “The largest number of students or the most prestigious university clearly isn’t necessarily best for investment returns. Landlords need to do their research and take into account the student demand, property supply, average property values and average monthly rents.”