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Old 15-02-2017, 09:49 AM
Andrewwhitmey1's Avatar
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Location: Edinburgh
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Default The Edinburgh Buy to Let Market

The Edinburgh buy to let market has performed consistently well over the past decade. Looking at statistics available from ESPC, the average property price in 2005 was £174.2k. This increased to over £231k in 2016, an increase of almost 33% in 11 years. The 1 bedroom market is a very popular option for buy to let landlords. In 2005 the average price was £108k but by 2016 it has jumped 32% to £143k. Likewise for 3 bedroom properties the average price rose from £208k in 2005 to £275k in 2016, an increase of over £32%. 2 bedroom properties experienced similar growth at 29.5% over the same time period.

The Edinburgh buy to let market is driven by some core tenant groups. There is a huge tenant population in Edinburgh which drives a lot of tenant demand around Marchmont/Newington. There is also a large financial services industry based in Edinburgh with some of the world’s largest financial institutions having large premises in Edinburgh (many of which are around Lothian Road). More recently there has been an influx of ‘tech’ companies in Edinburgh. Skyscanner and Fandual are examples of two companies which have flourished in Edinburgh in recent years and have added to the huge tenant demand in the city. We expect the Edinburgh buy to let market to continue to boom into the foreseeable future. Umega Lettings are well placed to service buy to let landlords in Edinburgh with our team able to source, purchase, rent, manage and refurbish buy to let properties on behalf of landlords.
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