When it comes to investing in property a one bedroom buy to let in Glasgow will earn you a yield of 7.7%. according to figures released this week in Letting Agent magazine. Despite CoronaVirus fears the northern half of the UK performs strongest with Newcastle’s average yield coming in at 7.9% then Glasgow followed by Liverpool on 7.0% or higher.
For two beds Glasgow is just higher than 6% yield.
According to Robert Nixon, our Managing Director demand is high at the moment and returns remain strong. He believes Tenants’ demand is growing for one and two bedroom apartments that provide them with a space of their own. There is now less emphasis on shared “student type” living blocks where 10’s of young people live together meaning a growing demand and profitability all over the city due to a lower investment price point and pent up demand pushing up rental prices.