Demand for properties in the West of Scotland

Edited by the Buildingtalk editorial team Sep 28, 2006

Property services company Ross + Liddell has seen a surge in demand for properties in the West of Scotland over recent weeks from landlords based south of the border and from Ireland

Competitive Property Prices in West of Scotland Attracting Landlords from South of the Border and Overseas.

Property services company Ross + Liddell has seen a surge in demand for properties in the West of Scotland over recent weeks from landlords based south of the border and from Ireland, attracted by competitive property prices.

Particularly popular amongst investor landlords looking to expand their property portfolios are one and two bedroom flats located outwith Glasgow city centre.

Jackie Maclean-Martin, head of residential lettings at Ross + Liddell, said, 'Because one and two bedroom flats in Paisley and Renfrewshire can be snapped up for between £50,000 and £80,000, they are proving very popular with investor landlords from outwith Scotland who are confident that they can achieve a healthy rental return on such competitively priced properties.

'Recent months have seen a surge in interest from investor landlords from south of the border and from Ireland, encouraged to add to their property portfolios by interest rate rises and the wider availability of attractive buy to let mortgage deals'.

Despite an increase in the supply of rented property over the last year or so, strong returns can still be made from the buy-to-let market, with the influx of immigrants, especially from Eastern Europe, positive news for future demand levels.

Said Mrs Maclean-Martin, 'With the stock market remaining volatile and pension funds underperforming, demand in the buy-to-let market looks set to remain buoyant for the foreseeable future.

And as it's getting harder and harder for first time buyers to get a foot onto the first rung of the property ladder, this creates a ready pool of tenants.

An important attraction of renting is that it gives tenants more flexibility than homeowners to move to another area for work.'.