Has the Buy-to-Let Market

The ScotsmanAugust 19, 2004

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Summary


The end may be nigh

A quick glance at the plethora of properties available for rent in Edinburgh would suggest that, having grown considerably over recent years, the Capital's buy-to-let market is approaching saturation point.

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Extract


Has the Buy-to-Let Market

Recently released statistics revealing that rents for Scottish flats have dropped by 16 per cent this year, leaving many landlords who have invested in buy-to-let properties confronting serious financial concerns, lends some credence to this suggestion.

The Association of Rental Letting Agents is now urging landlords to cut rents by a further 20 per cent in a bid to attract tenants, after figures showed that the average rental income decreased from GBP 522 to GBP 440 per month between the final quarter of last year and ...

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