Property prices in Edinburgh up 2.1% in second quarter of 2017

Property Wire reports property prices in Edinburgh rose sharply in the second quarter of 2017, up by 2.1%, taking annual growth to 3.7%. READ MORE.

Cullen Property opinion:
Edinburgh is becoming increasingly popular for investors hoping to invest in buy-to-let property and tenants searching for property in prime city centre locations. In the second quarter of 2017 Edinburgh property prices had risen by 2.1% as property demand continues to exceed supply. It has also been recorded that Edinburgh saw a 17% increase in new prospective property buyers. Although competition to become an Edinburgh property investor is strong, our investment team will guide you with sound property investment choices. Click here to sign up to our investor newsletter where you will receive information on all the latest on and off the market property investment opportunities.

Why investors should look to Scotland for good buy-to-let prospects

The Telegraph reports Edinburgh has an average house price of £206,000 and had 5.4pc growth in the past 12 months – compared with London’s £492,000 average and 3.3pc growth in the same period. READ MORE.

Cullen Property opinion:
Edinburgh in particular has seen an increase in the amount of English investors considering the capital’s property due to political uncertainty and high property prices south of the border deterring investors. However, it is important for potential investors to be aware of Scottish property legislation and the safety regulations involved with becoming a landlord here. Becoming a landlord in Scotland for the first time can be daunting due to the amount of regulations that must be adhered to. However, the Cullen Property team can carefully advise and guide you step-by-step, making sure all legislation and regulations are covered.

Average rents in Scottish cities reached new record high in second quarter of 2017

Property Wire reports residential rents in cities in Scotland recorded a record high of £789 per month in the second quarter of 2017 as demand from tenants continued to exceed supply. READ MORE.

Cullen Property opinion:
It has been reported that average rents in Scotland have reached a new record high as demand from tenants continues to exceed the property supply. This is great news for landlords and investors considering investing in Scottish property. According to Citylets, rent in Edinburgh has increased year-on-year to an average of £1,037 pcm. Edinburgh has recorded positive annual growth for the past eight years and we believe this will continue.

£1bn Edinburgh City Deal set to create 21,000 jobs

Edinburgh's £1.1 billion City Deal will result in thousands more people in employment and thousands more with new homes. READ MORE.

Cullen Property opinion:
Edinburgh will receive a £1.1 billion City Deal which will contribute towards many aspects of our vastly expanding city. 21,000 jobs are expected to be created throughout Edinburgh and the Lothians which will in turn help expand Edinburgh’s population, and increase the demand for your property investment. With thousands of more people in employment, more new homes will be needed to help meet the growing housing demand vs. supply, creating new opportunities for property investors. In short, this £1.1 billion deal is fantastic news for Edinburgh property investors!