AUGUST 01, 2016 | BY A & S Property
Edinburgh remains a ‘sound investment’ for landlords
There has been a sharp rise in interest from landlords in Edinburgh since the EU referendum, reflecting increased confidence in the private rented market in the city according to the head of one if Scotland’s largest letting agents.
Despite some concerns that landlords would flee the rental market in Edinburgh given the Brexit vote, largely because the city delivered the highest Remain vote of anywhere in Scotland, have been eased somewhat by Edinburgh-based Braemore, which report that ‘confidence in Edinburgh’s property market remains high’.
Braemore chief executive Ian Lawson told the press: “For us it’s very much business as usual despite concerns around the Leave vote.
“As demand continues to significantly outstrip supply, we can only expect this to endure for the long term and continue to contribute to an increase in landlord investment return. With attractive rates also being shown on the higher end of the market, Edinburgh’s private rental sector continues to be a sound investment.”
Lawson pointed out that despite growing uncertainty following Brexit, buy-to-let mortgages are still being offered by lenders at a very reasonable rate; an attractive proposition for locals looking to invest in the buy-to-let market.
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