Buy-to-let market in Scotland 'is excellent'

Published 08th Apr 2008

The buy-to-let market in Scotland has "excellent" prospects, one expert has claimed.

David Kendal of the National Landlords Association (NLA) explained that rental yields are increasing, meaning there is greater scope for profit in the sector.

And while the credit crunch might mean that it is hard to get a buy-to-let mortgage on a property, this is not necessarily bad news for everyone.

He said: "A result of that may be that there will be less new buy-to-lets coming on the market, so investors who are already in the game will do quite well.

"There won't be as many investors coming in this year, as there have been in previous years."

He added that the housing market in Scotland is more stable than that in the south-east.

The Scottish market does not experience a boom and bust cycle, he concluded.

According to the Bank of Scotland's Scottish House Price Index, house prices in the country rose by 2.4 per cent in the last quarter of 2007.

This compares to a 0.8 per cent fall in the UK as a whole.
By Adfero Ltd

Source: ' What Mortgage '

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