SCOTTISH RENTAL YIELDS CONTINUE TO PERFORM BETTER THAN ENGLAND AND WALES
ACCORDING to latest numbers, rental yields in Scotland are performing better than those in the rest of Great Britain, with the average rental property returning 4.9 per cent to investors. In fact, the Buy-to-Let Index for June of this year shows that rents continue to rise across many parts of Scotland, with an average rent at £569 per month, up slightly from the same time last year. The only other area besides Edinburgh and the Lothians in Scotland to record rents above the £600 mark in June was the Highlands and Islands region, where, at an average price of £602 is 2.9% higher than last year. On the heels of this good news for landlords, there is slightly more discouraging news about tenant finances, with some 18.3 per cent of tenancies in rent arrears for June, 12.3 per cent higher than in May. Nevertheless, this news is very positive overall for landlords in Scotland, who continue to enjoy excellent returns on their investments as those in England and Wales look on in envy. If you are thinking about investing in rental property, or need assistance in managing your rental, give us a call today.