Private Rented Sector Booms in Scotland.
Declines in home ownership and a reduction in social housing have fuelled growth in Scotland’s private rented sector over the last year, and the recently published Scottish Household Survey revealed that the proportion of private rented households has grown from 5% in 1999 to 14%, some 266,000 properties.
As the private rented sector in Scotland continues to grow, one of Scotland’s largest agents is gearing up for and increase in demand from buy-to-let landlords.
With buy-to-let loans reaching new volumes, and pension reform in full-swing, now is the optimum time for agents to attract buy-to-let investors, whether they are first-timers, cashing in their pensions, or seasoned investors looking to beef up their portfolios whilst the market is buoyant. This is great news for the seasoned investors and newly cash rich pensioners, who are now favourably comparing the yields available from property with other forms of investment.
In order to help them reach that investor market, Scottish Property Centre has just listed over 25 properties with buy-to-let potential on the dedicated investment portal, Buy2Let.com, offering impressive yields of up to 10%.
Mark Higgins, Founder of Scottish Property Centre, commented:
“We have built up a great reputation over the last ten years and see to work with those who can match and enhance that reputation and deliver results. The Scottish investment market is performing very well, with a healthy, and growing, demand for rental properties. This is a great opportunity for us to be able to reach out to investors and landlords and offer them some great, high-yield opportunities, and Buy2Let.com is the perfect platform to help us do that.”
As Scotland’s fastest-growing independent estate agency network, Scottish Property Centre joins some of the industry’s best-known agents already listing on Buy2Let.com, including the franchised branch network of Northwood UK; full-service agents Leaders; and East London specialists, Stirling Ackroyd.
The Buy-to-Let market continues to grow, with high demand for rental properties, and improved mortgage lending, landlords are seeing some great return for their investment. Buy2Let.com is designed to be the perfect marketing partner for agents to reach investors directly, and encouragingly, it seems the panel of forward-thinking early adopters, including Scottish Property Centre, recognise this.