Investing in Edinburgh rental property
Property investment in Edinburgh and Scotland
Edinburgh is one of the best places to invest in residential property within the UK: the average property lets currently at £1115 per month. During the last 10 years, despite the financial crisis of 2008, rents in Edinburgh rose by 50.5% (5% in 2018 alone). Edinburgh real estate prices have been rising steadily, but Edinburgh properties can still be purchased at a fraction of London prices. In 2018, an average property sold for £268,151 in Edinburgh vs £619,042 in London.
Why Edinburgh Letting Centre
We are helping international landlords and foreign investors in securing, building and managing property portfolios and investments since 2003. Around 25% of the properties we manage were purchased by international investors. We understand Edinburgh, its good neighbourhoods and areas to avoid. We can offer crucial advice on choosing and purchasing residential investment properties which later could be managed by our lettings team.
Investing in Edinburgh does not have to be difficult! We can introduce you to solicitors, accountants, mortgage advisors, and then take care off any refurbishment works, if necessary. Some of our investors have never been to Edinburgh!
We will source up to 10 investment properties that meet your criteria, then carry out valuations and rental appraisals. We will provide you with the necessary refurbishment scope and quotes, then refer you to a solicitor to start legal works. After collecting keys for your property, we can project manage any refurbishment, obtain relevant safety certificates and advertise your property to secure a tenant. We offer an attractive fixed price investment option for this service of £295 + VAT.
Overseas funding for property investors
Although most investors secure funds to invest in Scottish properties in their home countries, there is UK funding available for potential landlords who live elsewhere. Several UK lenders allow ex-pat and overseas investors to borrow funds to purchase rental properties in the UK. Loans are available from £100,000 and must not exceed 75% of the property value.