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Scotland top for buy to let in all UK
5 Jun

Scotland was revealed to be the best buy to let location in all of the UK based on how quickly landlords can regain their investment on property price and stamp duty costs, based on annual rental return.

As PropertyWire reports, research from estate and lettings agent Benham and Reeves showed that it takes 17.7 years in Scotland, and the city with the quickest period is Glasgow, where it takes 13.3 years.

Following Scotland, Northern Ireland takes 18.9 years, while England and Wales come next in line at 25 years and 26.4 years respectively. The best city locations following Glasgow are Belfast at 15.8 years and Aberdeen at 17.8 years.

From all of England, Nottingham takes the least time (18.5 years).

Meanwhile, the best buy to let location for landlords is the borough of Tower Hamlets, where annual rental income takes 21.4 years to return the average house price and stamp duty costs of £452,821.

Marc von Grundherr, director of Benham and Reeves, said: “Buy to let investment is a complicated business, even more so given the changes to the sector of late, however, the primary indicator of a good investment is always going to be the rental yield available.

“While a buy to let investment includes all sorts of additional concerns such as contingency budgets, capital growth and so on, we wanted to highlight on a more digestible level where offers a good investment option when it comes to recouping the cost of that investment via your rental income.”

He went on to say: “What this research demonstrates is that while buy to let remains a lucrative business despite the Government’s attempts, it should be viewed as a long-term one and not a method for making a quick buck. For those serious about the sector whether it be as a professional or amateur landlord, it’s important to understand the commitment before diving in if you wish to see a profit.”

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