The Daily Telegraph recently voted Edinburgh one of the UK's "top ten" hotspots when considering where to purchase an investment property. What makes Edinburgh so special?
The Capital City has three key areas of appeal:-
- A thriving employment market
Employment opportunities, combined with lifestyle changes, have increased the number of people looking for quality rented properties in the City. The City hosts a wide diversity of industry sectors, including financial services, tourism, government, education, medical research and biotechnology - meaning Edinburgh maintains a wide appeal to a broad range of potential tenants.
- Its reputation as an investment city
Historically, Edinburgh's property market has achieved a sustained and steady capital growth for over two decades, without extravagant booms or busts, making the City one of the most attractive investment opportunities available within the UK's property sector.
- Its appeal as an attractive place to live and work
The Universities and Further Education Colleges provide a large student population keen to rent property in the City Centre. The thriving local economy also attract young mobile professionals who require good quality, centrally located properties to let, whilst they look to find their first foot on the property ladder.
Investing in either in a second home on a buy to let basis, or looking to invest substantial sums in a portfolio of investment properties require expert advice, expertise and planning. Advice on location, tenancy agreements, Landlords registration requirements and taxation implications all need to be sought by the prospective Landlord. At Archibald Campbell & Harley we have a wealth of experience in advising clients on exactly those issues and have acted for many clients who have, over the years built up substantial portfolios of investment properties throughout Scotland.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
