OVERSEAS INVESTORS IN SCOTLAND
The demand for residential properties in the University cities of Scotland remains very strong with most landlords continuing to enjoy good occupancy rates and capital appreciation. With popular areas of Edinburgh and Glasgow always in demand from owner-occupiers and tenants. Generally, popular areas of Edinburgh have higher rents and better capital appreciation than other cities across Scotland. Also, Edinburgh’s strong Airbnb sector is now second only to London in terms of average revenue per room let. During the month of August, you can usually multiply your rent up to 3 times with increased demand due to the Edinburgh festival. We often also see a spike in rental prices during the six nations (February to March) and also over Hogmanay (New Year).
It is important Investors are aware of the new legislation regarding renting a property in Scotland (private tenancy reform). The main area to focus on is tenants can now give landlords 28 days’ notice to leave a property and you have limited grounds to evict a tenant. So if you are looking for long term rental returns you need to choose your properties and type of tenants carefully.